Dollar, yen on back foot as risk sentiment revives; Musk buoys bitcoin

Dollar, yen on back foot as risk sentiment revives; Musk buoys bitcoin

- Summary - Risk appetite returns as strong earnings lift Wall Street - Euro firmer against dollar ahead of ECB policy decision - Musk hints Tesla will accept bitcoin as payment again TOKYO, July 22 (Reuters) - The safe-harbour U.S. dollar and yen were on the back foot on Thursday, after pulling back from multi-month highs amid a recovery in risk appetite as strong earnings lifted Wall Street stocks. Cryptocurrencies held gains after Tesla Inc (TSLA.O) CEO Elon Musk said the company would "most likely" resume accepting bitcoin for payment. read more The dollar index , which measures the currency against six major peers, stood at 92.770 after pulling back from a 3 1/2-month high of 93.194 touched on Wednesday. The yen traded at 129.950 per euro , from an almost four-month top of 128.610 earlier this week, and at 81.07 to Australia's dollar , from a 5 1/2-month peak of 79.85. "Strong earnings have swept away Delta concerns in the U.S.," weighing on haven currencies, National Australia Bank analyst Tapas Strickland wrote in a note to clients. "The consensus …
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