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FOREX-Dollar pares gains vs yen after Trump says to impose sanctions on Iran

Published 06/25/2019, 12:10 AM
Updated 06/25/2019, 12:20 AM
© Reuters.  FOREX-Dollar pares gains vs yen after Trump says to impose sanctions on Iran

NEW YORK, June 24 (Reuters) - The dollar trimmed its earlier
gains versus the yen on Monday after U.S. President Donald Trump
said the United States will impose new sanctions on Iran in
response to Tehran's downing of a U.S. drone last week.
At 12:08 p.m. (1608 GMT), the greenback was up 0.08% at
107.39 yen. On Friday, it touched its lowest level since early
January against the Japanese currency, which is seen as a
safe-haven for investors in times of geopolitical turmoil.

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