MW: Dollar ticks higher against yen, but slips vs. euro
The dollar gained on its Japanese counterpart in Asian trading Tuesday as Tokyo markets opened after a three-day holiday weekend, but it edged down against the euro.
"The strong downward momentum on USD [U.S. dollar] that prevailed in the London session yesterday stalled during the holiday-thinned North American session, and despite some initial USD selling pressure in Asia, currency pairs remained largely range-bound," said Sue Trinh, senior currency strategist at Royal Bank of Canada in Sydney, in a note to clients Tuesday.
The euro bought $1.4775, down from $1.4786 late Monday in North American trading.
The dollar bought 89.98 yen, up from 89.86 yen late Monday.
