Latest news on US Dollar, Japanese Yen decline
| Both US dollar and Japanese yen were the lowest among the majors on Monday, as buoyant risk appetite pressured on the low-yielding currencies but picked up carries trades and equities, with the S&P 500 finishing the day up 3.39 %. US economic news was amazingly tough, as US data indicated that construction expenditure went up 0.3 % in March, due to augmented private and public non-residential construction, whilst pending home sales went up for the 2nd straight month in March at a rate of 3.2 %. Additionally, the Federal Reserve's April 2009 Senior Loan Officer Opinion Survey on Bank Lending Practices indicated that, on net, the % of respondents that "reported having made more strict on their business lending policies throughout the previous 3 months" was down for the 2nd successive month, but stays eminent. Read More Here
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