Forex - Dollar broadly higher vs. rivals as risk appetite recovers

Forex Pros – The U.S. dollar was broadly higher against its major rivals on Monday as concerns over the nuclear crisis in Japan eased while the threat of further intervention to stem the yen's gains kept markets in check.

During European morning trade, the greenback was up against the yen, with USD/JPY climbing 0.74% to hit 81.17.

Earlier Monday, workers at the stricken Fukushima nuclear power plant, 155 miles north of Tokyo, managed to rig power cables to all six reactors at the complex and start a water pump at one before smoke was briefly seen rising from the site.

The greenback was also higher against the Swiss franc, with USD/CHF rising 0.54% to hit 0.9060.

Also Monday, coalition forces, including the U.S., the U.K. and France, launched a second wave of air strikes on Libya in an attempt to remove loyalist support for leader Moammar Gadhafi and protect Libyan civilians from government forces.

Elsewhere, the greenback was up against the euro and the pound, with EUR/USD slipping 0.21% to hit 1.4150 and GBP/USD dipping 0.02% to hit 1.6230.

Elsewhere, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.53% to hit 0.9793, AUD/USD advancing 0.76% to hit 1.0035 and NZD/USD climbing 0.47% to hit 0.7344.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16%.

Later in the day, European Central Bank President Jean-Claude Trichet was to speak at a public engagement, while the U.S. was to publish a report on existing home sales.




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