The greenback fetched a slightly higher price than the yen on Monday compared to the previous week’s 4-month low. The increasing tensions involving the United States and North Korea are seen as the key reason for the currency’s weakness.
Mediocre inflation data from the U.S. for July lessened hopes for another interest rate hike by the Federal Reserve this year and further weakened the greenback.
The U.S. dollar index, which measures the U.S. currency against other major currencies, managed to stabilize at 93.096 after Friday’s 0.3 percent loss.
The dollar went up by 0.1 percent against the perceived safe-haven Japanese yen trading at 109.29, departing from last week’s low of 108.72 yen, its lowest point since April.
The euro went up 0.1 percent to $1.1824.
The prices of gold went down from last week’s two-month high on Monday due to the dollar slightly going up against the perceived safe-haven yen.
On Friday, U.S. President Donald Trump threatened North Korea anew saying the military was “locked and loaded” as Pyongyang accused him of driving the Korean peninsula close to nuclear war and world powers expressed their concerns.
Spot gold went down by 0.2 percent to $1,286.10 an ounce after reaching its highest point since early June ($1,291.86 per ounce) in the last session.
Deliveries for December for U.S. gold futures lost 0.13 percent closing at $1,292.3 an ounce.