Published: Fri, 15 May 2009 01:17:00 +0200
Dollar down as risk appetite returns
FXstreet.com (Buenos Aires) - Renewed risk appetite after a small rebound in Wall Street that rose 0.6% helped Euro and Gbp to regain the upside late in the American session. Asian markets are expected to continue the ride after sharp losses yesterday, increasing dollar losses in the next hours. Macroeconomic data for today includes NZ retail sales 2245 GMT, Japan CGPI 2350 GMT, machinery orders same time; Korea import/export price indexes 0300 GMT, and Singapore retail sales 0500 GMT, HK GDP 0830 GMT.
Japanese Yen continues falling against major rivals, and USD regained the 96.00 level now USD/JPY at 96.15. With Euro and Gbp rising and Japanese Yen falling crosses are winning fast, GBP/JPY now at 146.30 and EUR/JPY 131.00.
By Fxstreet.com
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