The US dollar and Japanese yen were the weakest of the majors on Monday, as buoyant risk appetite weighed on the low-yielding currencies but lifted carry trades and equities, with the S&P 500 ending the day up 3.39 percent.
US news was broadly disappointing today, as Chrysler filed today for bankruptcy protection in a reorganization effort that will include Italian carmaker Fiat as a partner.
The US dollar and Japanese yen were the weakest of the majors as a surge in risk appetite provided a big boost to "risky" assets, including the higher-yielding commodity dollars and stocks.
The US dollar and Japanese yen ended Tuesday on a mixed note, but risky assets remain on edge, which may leave the odds in favor of further gains for the low-yielders.
Risk aversion was alive and well throughout the financial markets at the start of the week, contributing to gains for the low-yielding US dollar and Japanese yen.
The US dollar and Japanese yen ended Thursday on a mixed note, as a market-wide increase in risk appetite only worked to the benefit of the commodity dollars and assets like stocks.
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