Dollar and yen went up against the euro on forex accounts as global economic recovery seems to be slower than predicted, leading traders to seek safer currencies.

Greenback and Japanese currencies as worldwide stocks and oil prices fell drastically.  Oil prices fell as traders are felling uneasy about economy´s recovery. Stock investors are slowly pulling away as they feel they might have been too optimistic about the end of recession.

Mid morning, the Dow Jones industrial average fell 62.88 points while Stadard & Poor´s was down 0.9 percent. Nasqad fell 1.4 percent. Oil was down $64.20 barrel in New York trading.

Hans-Guenter Redeker, head of global currency at BNP Paribas SA in London expressed that “We might be heading into an environment where the U.S. dollar can actually be much stronger than many people think. You have to get a clear judgment how the economy is developing globally. The risk is pretty much skewed to the downside.”

At the Euro zone meeting held in Brussesl, Spain Economy Minister Elena Salgado said: "Economic growth in positive terms is not so easy to achieve this year in the whole EU. We'll see some signals, but economic growth will start next year."

U.S. currency dropped on fx accounts against the yen after India and Russia said global economy is too dependent on the dollar.