dollar and yen down as recession eases

Dollar and yen fell against other major currencies on forex currency trading, after reports from the U.S. government released data on decrease claims for unemployment benefits for a third consecutive week.

Reuters reported the dollar being down versus the euro after a "bounce for stock markets and data showing the euro zone economic sentiment improved in July, suggesting the bloc´s economy was bottoming out."

Sterling was also up versus the dollar as U.K. home prices rose for a third consecutive month and global stocks advanced.

The green back is under evident pressure in foreign exchange trading as risk is coming back. Traders are ditching safe-haven currencies and aiming for riskier ones.

"The three major markets on Wall Street were trading at 2009 highs on Thursday on better-than-expected earnings and new data on unemployment," according to The New York Times.

Dow Jones industrial average is up to 5.2 percent for the year. The Standard & poor´s 500 index gained 19 points, while Nasdaq rose 35 points.

The Dollar Index, decreassed 0.3 percent to 79.359.