Financial Times FT.com

Rise in risk appetite hurts yen and dollar

By Johanna Kassel

Published: May 1 2009 11:12 | Last updated: May 1 2009 22:39

Foreign exchange investors ventured from their havens this week as global equities rose more than 11 per cent in April, their best month in 22 years, and left the yen and the dollar weaker.

Swine flu fears sent investors running to low-risk currencies, such as the Japanese yen, on Monday and Tuesday. But sentiment improved later in the week, driving investors to emerging markets and high-yield currencies.

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