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Euro rally loses steam, dollar firms slightly vs yen

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - The euro languished on Tuesday after slipping from last week's high as investors were cautious after a months-long rally, while the dollar firmed against the yen though a lack of catalysts tempered its momentum.The euro traded at $1.1968, having slipped 0.5 percent on Monday, its largest daily drop since late October.Analysts said a correction was inevitable for the common currency after its rally over the past couple months to near its 2017 peak of $1.2092, thanks to signs of acceleration in the euro zone economy.Speculators' net long position in the ...

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First Published: Tue, January 09 2018. 06:26 IST