Dollar deeply fell versus the Euro after Lloyds Banking Group PLc report from May showed 13 billion pounds of new losses. Forex traders decided to go for safer currencies pushing the dollar and yen up again.

According to Brian Kim a forex strategist at UBS AG, “risk sentiment weakened. Clients who have been bullish on some of the riskier, higher-beta currencies are starting to pare back some positions at this point.”

The term beta makes reference to how a currency moves compared with a benchmark.

Yen traded at 128.98 per euro in early New York trades compared to 129 on July 10. The won declined to a low level of 1,316.50 per Dollar, the weakest point since April 30th.

The greenback is still under the microscope as The New York Times reports U.S. unemployment is still on the rise, having a deeper impact in the black community.

The pound declined against 13 major trades after Sunday Times wrote Lloyds will announced deep losses on its first-half results to be delivered in three weeks.

Won fell to a two-month after YTN cable television channel reported Kim Jon II, who has not yet announced a successor, is suffering pancreatic cancer and hardly have 5 years left of living.