Dollar Falls Against Euro, Yen After Iran Test-Fires Missile .
The dollar declined against the yen and euro after Iran's
state television said the nation test- fired a long-range
missile capable of reaching Israel.
The yen and the Swiss franc strengthened on speculation
the missile test signals that international political tensions
will keep escalating, spurring investors to buy assets in
nations that are perceived as safer.
The dollar fell to 107.05 yen as of 2:25 p.m. in Tokyo from
107.50 yen late in New York yesterday. It also weakened to
$1.5716 versus the euro compared with $1.5670 yesterday.
Japan's currency climbed to 168.24 versus the euro from
168.45 in New York yesterday. The Swiss franc advanced to
1.0282 versus the dollar from 1.0337.
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