New York, Aug 21 (Reuters) - The dollar and the yen fell Friday after a strong I Quarter sales report and a lot of comments from Ben Bernanke, chairman of the Federal Reserve to reduce the appeal of the safety and me -haven Japanese currency.
In an annual conference of the Fed in Jackson Hole, Wyoming, Bernanke gave his clearest signal yet that the recovery is at hand, but he warned that the slow growth. To learn more, see [ID: nN2139655].
In addition, EU artificial existing sales rose in July for the fourth month, and a euro zone manufacturing and services surveys to provide more improvement than expected. These data reinforce the importance of the increase on the world economy and the euro in two weeks of high against the U.S. dollar.[ID:nN21378170]
"We reach a bottom in the housing market. I think we'll see the decline of the yen and U.S. dollars as the outlook," said Fabio Eliasson, Vice President of FX sales at Mizuho Corporate Bank in New York .
"How to improve living conditions here and in Europe ... there is less need for safe-haven currencies like the yen and U.S. dollars were last year. The market moves in risky assets."
In late trading in New York, the euro rose 0.6 percent in euro = $ 1.4333 after reaching a session peak of $ 1.4375, the highest level since the month of August 7, according to Reuters. Also an increase of 0.7 percent to 135.18 yen EURJPY = R.
"Both (Bernanke and housing) was higher than market demand. The market is just entering the securities to be extremely positive for the prospects of both I and globally," said Jacob Oubiña, currency strategist from Forex.com in Bedminster, New Jersey. "It is all risk on trade."
The U.S. dollar was 0.1 percent to ¥ 94.29 JPY =, off a session high of 94.71 yen, after trading as low as 93.40 yen.
"How to improve living conditions here and in Europe ... there is less need for safe-haven currencies like the yen and U.S. dollars were last year. The market moves in risky assets."
In late trading in New York, the euro rose 0.6 percent in euro = $ 1.4333 after reaching a session peak of $ 1.4375, the highest level since the month of August 7, according to Reuters. Also an increase of 0.7 percent to 135.18 yen EURJPY = R.
"Both (Bernanke and housing) was higher than market demand. The market is just entering the securities to be extremely positive for the prospects of both I and globally," said Jacob Oubiña, currency strategist from Forex.com in Bedminster, New Jersey. "It is all risk on trade."
The U.S. dollar was 0.1 percent to ¥ 94.29 JPY =, off a session high of 94.71 yen, after trading as low as 93.40 yen.
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