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Dollar retreats from a four-year peak against the yen

Dour reading of consumer sentiment and a drop in retail sales in March pointed to a weak US economy with muted prospects for the future

By Richard Nehme | April 15, 2013 10:26 BST
Euro continues to benefit from weaker USD
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EUR/USD closed Friday slightly under 1.3094 dollars, due to profit-taking after recent significant stock market gains. This also affected the euro/yen exchange rate, which fell back to 129.53 after yesterday's 3-year high, driven by the Bank of Japan's aggressive monetary policy [...]

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