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Forex - Dollar down vs yen Sydney morning on subprime lender worries, weak data.
(From AFX Europe (Focus))
SYDNEY (XFN-ASIA) - The US dollar was lower against the yen here though steady against the euro following heightened concerns over the US subprime lending market and weaker-than-expected data overnight, dealers said.
At 9.57 am (2257 GMT Tuesday), the US dollar was at 116.11 yen, down from 116.38 in late New York trading while the euro was at 1.3197 usd, little changed from 1.3198 in New York.
Overnight, the euro pushed above the 1.3200 usd levels after the latest German ZEW economic sentiment survey rose to 5.8 index points, compared to market expectations of 3.2 and February's 2.9 index points.
But the yen was …
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