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Forex - US dollar lower early in Asian session as traders keep eye on equities

From news_archive.php?id=40641

SYDNEY (Thomson Financial) - The US dollar was lower against the yen and euro early in Asian trading hours Monday as currency markets remained focussed on developments in equity markets around the world. Trading this week is expected to reflect whether the slide in share prices on Wall Street gathers momentum, which would likely reduce carry trades but generally support the greenback as investors switch to safer assets such as US Treasuries. At 9.53 am here (2353 GMT Sunday), the dollar was at 118.35 yen, down from 118.46 yen in late trading in New York Friday. The euro was at 1.3640 dollars, up from 1.3618 dollars ... (full story)

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