Musk lifts crypto currencies; Bitcoin trades around $32,200; Ether surges 12%

TOKYO: The safe-harbour U.S. dollar and yen remained 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 rallied after Tesla Inc CEO Elon Musk said the company would “most likely” resume accepting Bitcoin for payment.

The dollar index, which measures the currency against six major peers, stood at 92.810 after pulling back from a 3 1/2-month high of 93.194 touched on Wednesday.

The yen traded at 130.045 per euro, from an almost four-month top of 128.610 earlier this week, and at 81.00 to Australia’s dollar, from a 5 1/2-month peak of 79.85.