Money World economy
The dollar came under fresh pressure against the yen and euro in Asian trade after lacklustre US data marred expectations for a sustainable rebound in the global economy.
Investors waited for a batch of fresh US indicators including new home sales and durable goods orders to weigh prospects for the American economy, before its markets are closed Thursday for the Thanksgiving holiday.
The dollar dropped to 88.44 yen in Tokyo morning trade, the lowest level in six weeks, from 88.54 in New York late Tuesday. The euro edged up to 1.4961 dollars from 1.4959, but fell to 132.36 yen from 132.46.
The greenback wilted after Washington revised down economic growth in the third quarter and a survey showed sluggish consumer confidence.
Worries that a US recovery was lagging behind other major economies were compounded after Germany's Ifo business climate index reached its highest level in 15 months, underscoring improvement in investor confidence in Europe.
Meanwhile Japanese data that showed a surge in the trade surplus for the ninth straight month in October had little impact on markets. The latest trade surplus came to 807.1 billion yen (9.1 billion dollars), a sharp rebound from a trade deficit of 75 billion yen registered a year ago, the finance ministry said.
