Dollar and yen rise as falling global stock markets decreases risk appetite - Nov 19

19 November 2009 @ 04:46 pm EDT

The greenback strengthened broadly (except vs the Japanese yen) on Thursday as equity markets around the globe fell, reviving demand for safe-haven assets. U.S. jobless claims came in as widely expected at 505,000 but with an upwardly revised of previous reading of 505,000. U.S. Philadelphia Fed business conditions index came in at 16.7, the highest since June 2007, versus the expectation of 12.0. U.S. leading indicators rose by 0.3%, slightly less than economists' forecast of 0.5% increase.

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