The U.S. dollar slipped against the euro and the yen in Asian trade on yesterday as investors waited nervously for the latest snapshot of the U.S. economy.
The euro rose to US$1.4729 in Tokyo afternoon trade from 1.4714 in New York late Wednesday, when the European currency had fallen sharply as investors sought refuge in low-risk assets such as the greenback.
The dollar fell to 90.40 yen from 90.63. The euro climbed to 133.13 yen from 133.07.
Investors were cautious ahead of the release of U.S. gross domestic product (GDP) figures for the third quarter later in the day.
Analysts expect the U.S. economy grew about 3.2 percent in the third quarter, crawling out of recession.
Fresh worries over the U.S. recovery surfaced after a surprise fall in September new home sales. On Wall Street, stocks plunged to their worst loss of the month Wednesday.
Growth-sensitive currencies like the euro are likely to come under renewed pressure against the dollar and the yen as investors assess their outlook for the U.S. economy, dealers said.
The Australian dollar, seen as well placed to benefit from any economic recovery, tumbled to US$0.8982, down from 0.9094 late Wednesday.
Markets largely overlooked data showing a seventh straight gain in Japanese factory output, which rose 1.4 percent in September from the previous month.
In regional Asian trade, the dollar rose to 1,198.95 South Korean won from 1,194.45 a day earlier, to 1.4029 Singapore dollars from 1.3999 and to 9,695.00 Indonesian rupiah from 9,610.00.
The greenback rose to 47.74 Philippine pesos from 47.41, to NT$32.58 from NT$32.49 and to 33.48 Thai baht from 33.42.
