BUSINESS INFORMATION - Dollar and the euro rose against the "safe haven"

BUSINESS INFORMATION - Dollar and the euro rose against the "safe haven" or safe haven, the yen in Asian trade Monday as growing expectations that the U.S. economy and the euro zone walking towards recovery, dealers said.

The dollar rose to 94.67 yen in Tokyo morning trade from 94.35 in New York late Friday. Euro climbed to 1.4349 dollars from 1.4328 and 135.86 yen from 135.21 yen.

Greenback and the euro rose after economic data the United States and Europe, as well as comments by Federal Reserve Chairman Ben Bernanke, increasing optimism that a global recession had eased, dealers said.

Japanese currency, which is seen as a safe place during the economic crisis, hit by selling pressure because the appetite for risk (risk appetite) improved investors, dealers said.

The market anticipates a more positive U.S. economic numbers this week, after sales of existing homes, jumped strongly to the highest position of two years, lifting the global equity markets.

Traders also reacted positively to comments from Bernanke that the prospects for global economic recovery "appears good." Japanese stocks jumped three per cent in morning trade, following the rise on Wall Street.

In the eurozone, the purchasing managers index rose to a 15-month psisi highest 50 points in August from 47 points in July, as quoted by the AFP