On Thursday the dollar and yen shows a rise  as a pullback in risk appetite amid falls in equity and commodity markets revived safe-haven demand for the U.S. and Japanese currencies.

The euro dropped more than 1 percent against the yen

The euro has shown a drop of more than 1 percent against the yen whereas the higher-yielding, commodity-linked Australian and New Zealand dollars tumbled as traders pared back their exposure to risk.

Analysts View

It has been said by the analysts that after recent economic data has not been as rosy as forecast the investors were turning cautious, heightening worries the sharp rally in risky assets in the past months may have been overdone.

The euro fell

The euro fell 0.5% to $1.4895 EUR= in midday trading, it continued to remain within the range of a large, $1.48 to $1.51 “double no touch” options structure expiring on Friday.

Single euro zone currency also slid

As losses accelerated after breaking technical support at the 200-day moving average of around 132.00, the single euro zone currency also slid to a more than two-week low of 131.68 yen EURJPY=R.

Dollar Dropped

The dollar after hitting a low of 88.64 dropped 0.5% JPY= to 88.93 yen, the lowest level since Oct. 9.

Sharp fall in the major indexes on Wall Street

There has been a sharp fall in the major indexes on Wall Street .DJI .SPX on weakness in the technology and health insurance sectors. Both the prices of oil CLc1 and gold XAU= retreated.

ICE Futures U.S. dollar index .DXY

The ICE Futures U.S. dollar index .DXY, which is considered to be a measure of the greenback versus a basket of six currencies, shows a rise of 0.3 percent to 75.384. The index hit a 15-month low of 74.679 early this week.

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