Tuesday, April 14, 2009

FOREX-US dollar, yen gain optimal economic decline

* Dollar, yen supported by global optimism tempered

* Stocks decline, appetite for risk flattened

Tokyo, Apr 15 (AFP) - Japanese yen and the dollar gained on Wednesday as optimism about the global economic recovery ebbed following the weaker than expected U.S. economic data, which cooled the demand for other currencies.
Dollar and yen also supports Drew falls in Asian stocks, which followed Wall Street lower. EU standards slide in the stock market Tuesday after news that U.S. retail sales fell 1.1 percent in March, against economists forecasts for a 0.3 percent increase. [. N] [ID: nN14419657]

"The retail sales data is a step toward ending the recent economic optimism and actions related to the rally," said Toru Umemoto, chief FX strategist at Barclays Capital Japan.
A trader for the Japanese yen Wednesday, a victory for the dollar has become an importer demand from Japan and petered out to a decline in the yen was forced to buy back, the deck to send more money have been invested.

It's 0.5 per cent to $ 98.47 after only a little less lost only 98.15 EBS trading platform is. Last week, its highest in six months from 101.45 yen touched.

Only 130 euros for a brief being wound first 130.45 yen on the increase, down 0.6 per cent fell in the present. The maximum six-month JPY 137,42 earlier this month took a hit from the back. $ € 1.3247 euro fell 0.1 percent.

Euro traders that the market pressure on the Japanese government bond fund investors in investing in the euro area have returned to sell his country, his vision of global economic uncertainty and the more conservative will have faced.

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