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Dollar dithers as safety bid flows to the yen

The yen was investors' safe harbour of choice on Tuesday and it traded near five-month highs as fears about a tariff-driven slowdown in U.S. growth have rattled U.S. stocks and the dollar. The overnight drop in the risk-sensitive Australian dollar was a modest 0.4% and it last bought $0.6272. There were falls in the Canadian dollar and Mexican peso - the economies whose exports are to bear the brunt of U.S. tariffs - but they were modest.

The yen was investors' safe harbour of choice on Tuesday and it traded near five-month highs as fears about a tariff-driven slowdown in U.S. growth have rattled U.

S. stocks and the dollar. The overnight drop in the risk-sensitive Australian dollar was a modest 0.

4% and it last bought $0.6272. There were falls in the Canadian dollar and Mexican peso - the economies whose exports are to bear the brunt of U.

S. tariffs - but they were modest..