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Dollar rises vs. yen as Syria concerns ease slightly

U.S. dollar against the yen Thursday hedge tensions around Syria, after a slight easing helped push U.S. bond yields higher.
Market sentiment remains cautious, but the prospect of imminent Western chemical weapons attack on Syria weakened, lawmakers in the United Kingdom and the United States between the opposition.
U.S. Treasury yields fell in recent days as investors sought refuge in low-risk government bonds rose, increasing the attractiveness of the dollar.
U.S. dollar against 98.19 yen, up 0.6% from Wednesday's low of 96.81, which is the lowest since August 12 recovery. This is the U.S. dollar index rose 0.4% against a basket of currencies at 81.759.
It is said that in emerging markets assets decreased tension to support the U.S. currency, because it enhances the expectations the U.S. Federal Reserve will soon begin to reduce monetary stimulus.
Director of currency research at Bank of New York, said Simon Derrick, "" There is a slight easing of tension Syria and emerging markets, the dollar.
"Dependence on the dollar as a safe haven in the case, is considered in the emerging markets in the past few weeks to keep the pressure tensions, the U.S. Federal Reserve Board to postpone tapering, which is negative for the dollar, as emerging markets are now doing better that the higher the dollar. "
The market will focus on the U.S. initial claims for unemployment benefits and revised figures from the second quarter growth figures, some traders said that their positioning, it is encouraging data support the dollar.
The face of vigorous dollar, the euro fell 0.6 percent against the dollar at $ 1.3268.
"We expect the dollar to regain mitigate risk aversion professional support, allowing some of the risk asset markets stabilized and may provide some relief to emerging market currency hedging currency (Swiss franc and the yen) could come back under pressure, so , "Morgan Stanley (Morgan Stanley), an analyst said.
First hit in the final end of the Fed's easy money, because investors outflow of funds, emerging market pain has increased tensions in Syria make investors more risk-averse.



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