Dollar erases losses versus yen, turns positive

NEW YORK Fri Nov 9, 2012 9:29pm IST

Polluted waters of China

Polluted waters of China

Growing cities, overuse of fertilizers, and factory wastewater have degraded China's water supplies to the extent that half the nation's rivers and lakes are severely polluted.  Slideshow 

NEW YORK Nov 9 (Reuters) - 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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