Dollar Slips as Banking Sector Fears Ease, Yen Climbs

Dollar Slips as Banking Sector Fears Ease, Yen Climbs
A picture illustration shows U.S. 100 dollar banks and Japanese 10,000 yen notes taken in Tokyo on Aug. 2, 2011. Yuriko Nakao/Reuters
Reuters
Updated:

LONDON/TOKYO—The U.S. dollar fell slightly on Tuesday as receding fears of a full-blown banking crisis slowed demand for so-called safe haven assets.

The yen rallied, despite traditionally also being a safe haven, with analysts pointing to a pick-up in flows ahead of the end of Japan’s fiscal year on Friday.