The dollar was close to an eight-week low against the yen on Friday as escalating tension over North Korea dominated currency markets thinned out by the summer holidays in Europe and the United States. The yen gained around 0.2 percent in Asian time as investors took their money out of higher-yielding currency plays following another warning from President Donald Trump to Pyongyang . It had retreated to trade almost flat on the day at 109.17 yen per dollar by 0711 GMT but was still 0.2 percent stronger against the euro at 128.28 yen. "With (the euro zone's) political and economic outlook looking better, Swiss accounts could emerge as a main euro buyer, pushing the euro up across the board," they said. It was 0.2 percent lower at 1.1310 francs, compared with highs of 1.1537 francs hit a week ago.

Source: dna August 11, 2017 07:41 UTC