NEW YORK Nov 9 The dollar recouped all of its losses against the yen to trade slightly higher in late morning trade on Friday, helped by rising Treasury yields.
The dollar last traded 0.1 percent higher at 79.51 yen , off a session low of 79.06.
It had earlier come under pressure after worries about Europe prompted investors to shed riskier traders funded by cheap borrowing in the Japanese currency.
But that reversed somewhat after upbeat U.S. consumer sentiment data lifted stocks.
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Two years ago India was a "fragile five" economy growing at 5 percent, facing a severe current account deficit and the rupee at record lows as the U.S. Fed Reserve prepared to taper its stimulus programme. Today, two years into the term of RBI Governor Raghuram Rajan, India is set to confidently face the Fed's first rate rise since 2006. Full Article