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Recovery momentum pushing for risk appetite

05/04/10 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD GBP 0.07 EUR 0.06 CHF 0.05 JPY -0.41

The USDJPY rose to 94.92, after earlier rising to 94.99, the strongest since Aug. 24, 2009 and the EURJPY strengthened 0.4% to 125.29 as signs the global economic recovery is gaining momentum damped demand for JPY as a refuge. The JPY dropped against all of its counterparts before reports today will show US home sales rose 5% for a second month and UK manufacturing climbed to 57.5 in April….

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