Sterling fell to the day's low of $1.2426 against the dollar after loud bangs were heard outside Britain's parliament. "There is certainly a bit more bullishness in the yen over the last two weeks and we are seeing that continue," Trang said. (Additional reporting by Shinichi Saoshiro in Tokyo; Editing by Susan Thomas and Chris Reese) Police said they were called to a firearms incident on Westminster Bridge near parliament. On Wednesday, the dollar index, which measures the greenback against a basket of six major currencies, was down 0.2 percent at 99.617, its lowest since Feb. 3.
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FOREX-Dollar at 4-mth low vs yen as sliding stocks push down yields
* Dollar struggles after Wall Street stocks slide* Weak stocks pressure dollar by driving down U.S. yields* Euro hovers near 7-week high vs dollarBy Shinichi SaoshiroTOKYO, March 22 The dollar struggled at a four-month low against the yen early on Wednesday after a slide in Wall Street stocks sent U.S. Treasury yields sharply lower, eroding the greenback's interest rate allure. The U.S. currency was off 0.2 percent at 111.56 yen after plumbing 111.43, its lowest since Nov. 28. The common currency was steady at $1.0810 after surging overnight to $1.0819, its highest since early February. The question now is whether equities will keep falling," said Shin Kadota, senior strategist at Barclays in Tokyo. The dollar index against a basket of major currencies was a shade lower at 99.707 after retreating to a 1-1/2-month low of 99.642 overnight.
Shares on Wall Street fell by the most since before Donald Trump's election on Tuesday, as investors worried the U.S. president would struggle to deliver his promised tax cuts and infrastructure. For Reuters Live Markets blog on European and UK stock markets see reuters://realtime/verb=Open/url=http://emea1.apps.cp.extranet.thomsonreuters.biz/cms/?pageId=livemarkets (Additional reporting by Shinichi Saoshiro in Tokyo; Editing by Tom Heneghan and Susan Thomas) But the euro slipped back from a seven-week high above $1.08 on Wednesday, trading down 0.2 percent on the day at $1.0787 . Against the yen, which investors traditionally flock to during times of risk aversion, the dollar fell as much as 0.6 percent to 111.13 yen, with nervousness deepening ahead of a key healthcare vote in U.S. Congress on Thursday. By Jemima KellyLONDON, March 22 (Reuters) - The dollar hit a four-month low against the safe-haven yen on Wednesday as a risk-off mood took hold across markets, with investors rethinking the "Trumpflation trade" that had pushed the greenback to a 14-year peak and stocks to record highs.
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