Hot Now: Dollar climbs

 SINGAPORE: The dollar rose against the yen on Tuesday, pulling away from a recent four-month low, as concerns over tensions between the United States and North Korea eased for now, supporting risk appetite.

Both the yen and the Swiss franc sagged after North Korea said it had delayed a decision on a plan to fire missiles at the U.S. Pacific territory of Guam.

That news helped ease investor worries about the risk of a conflict between the United States and North Korea, improving sentiment toward riskier assets. "If we continue to see the North Korea tensions kept in the background, there´s some room for dollar/yen to tick up higher, perhaps to 111, maybe as far as 112," said Sim Moh Siong, FX strategist for Bank of Singapore. The dollar rose 0.6 percent to 110.26 yen, pulling away from a low of 108.72 yen set on Friday, its lowest level since April 19.Some traders said the greenback also was lifted by New York Fed President William Dudley saying in an interview that he favoured another interest rate hike this year if the economic conditions evolved in line with his expectations.

Against the Swiss franc, the dollar edged up 0.1 percent to 0.9734 francs. The Swiss franc extended its losses after shedding about 1.1 percent against the dollar on Monday, its biggest daily fall since July 27.