FOREX-Euro rises, risky currencies recover as traders stop cashing in profits

* Australian dollar rises 0.4%
* Canadian dollar rises 0.4%
* Swedish, Norwegian crowns up 0.4% and 0.6% respectively
* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh

By Olga Cotaga
LONDON, June 12 (Reuters) - The euro edged up slightly
against the U.S. dollar on Friday, not far from the three-month
high it rose to earlier in the week, as traders paused from
cashing in the latest profits.
During the Asian trading session, the Australian dollar and
other risk-sensitive currencies gave up ground, before
recovering and trading higher against the safe-haven greenback,
following a rise in European stocks.
Investors had earlier decided to unwind their positions
after a rapid build-up of bets on risk assets that had taken off
on hopes of further re-opening of the economies of many
countries.
"As long as governments around the globe continue to ease
their lockdown measures, and as long as economic data continues
to point that the deep economic wounds due to the coronavirus
are behind us, we would treat the retreat as a corrective phase
of the broader recovery," said Charalambos Pissouros, senior
market analyst at JFD Group.
"We still see decent chances for equities and other
risk-linked assets to rebound again, and for safe havens to come
under renewed selling interest," said Pissouros.
The euro rose 0.1% to $1.1315 EUR=EBS , staying close to
$1.1422, the three-month high it reached on Wednesday.
The Aussie dollar rose 0.4% to 0.6881 AUD=D3 , after
falling to a 10-day low of 0.6799 in the Asian session.
The Nordic currencies also rose, as did the oil-sensitive
Canadian dollar, which was last up 0.3% at 1.3585 CAD=D3 . The
Norwegian crown was the biggest mover, rising by 0.6% to 9.5665
against the U.S. currency NOK=D3 .
Elsewhere, the British pound remained unfazed by the fact
that Britain's economy shrank by a record 20.4% in April from
March as the country spent the month in a tight coronavirus
lockdown, official data showed on Friday.
Investors saw the number as what is likely to be the bottom
of the crash before a long and slow recovery. Sterling was last flat at $$1.2606 GBP=D3 and down 0.1%
versus the euro at 89.79 pence EURGBP=D3 .