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Safe-haven yen gains against Aussie as risk sentiment sours - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The safe-haven yen gained versus the riskier Australian dollar on Friday as risk sentiment soured amid rekindled fears of heated inflation and aggressive Federal Reserve policy tightening.

The dollar took a breather from recent gains as a rally in US Treasury yields stalled, but was still headed for its best week in two months against a basket of major peers.

The dollar index – which measures the currency against six rivals – was 0.03% higher at 95.795 after touching a more than one-week high of 95.864 on Thursday.The euro slipped 0.06% to $1.1303, matching Thursday’s low, which was its weakest level since January 10. Sterling lost 0.05% to $1.3586, nearing its lowest since January 11.

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