Traders said there was talk President Barack Obama was prepared to let carmaker Chrysler go bankrupt or be sold off, which had increased risk aversion in the market.
The dollar fell 0.4 percent on the day to 98.52 yen
Tuesday, March 31, 2009
Dollar, euro reverse gains on yen
TOKYO, April 1 (Reuters) - The dollar and the euro abruptly reversed gains on the yen on Wednesday, having climbed in the wake of a Bank of Japan survey that showed business confidence falling at its fastest pace on record.
Traders said there was talk President Barack Obama was prepared to let carmaker Chrysler go bankrupt or be sold off, which had increased risk aversion in the market.
The dollar fell 0.4 percent on the day to 98.52 yen and the euro slipped 0.6 percent on the day to 130.35 . (Reporting by Charlotte Cooper)
Traders said there was talk President Barack Obama was prepared to let carmaker Chrysler go bankrupt or be sold off, which had increased risk aversion in the market.
The dollar fell 0.4 percent on the day to 98.52 yen
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