* Graphic: World FX rates in 2019 http://tmsnrt.rs/2egbfVh
By Saikat Chatterjee
LONDON, Sept 10 (Reuters) - The Japanese yen fell to a
five-week low against the U.S. dollar on Tuesday as a rebound in
government bond yields prompted some investors to cut back on
bearish bets on the global economy.
Germany's 30-year bond yield rose into positive territory
for the first time in more than a month. Benchmark U.S. Treasury
yields rose to three-week highs as investors ventured into
riskier assets.
"What we are seeing now is a reversal of some of those
investment flows in the summer," said Lee Hardman, a currency
strategist at MUFG in London.
Against the dollar JPY=EBS , the yen fell to a five-week
low of 107.50 yen, its weakest since early August.
Recent data has lifted some of the gloom over the global
economy. Citi's economic-surprise indices for the United States
turned positive in the past week for the first time since
February. The UK equivalent turned positive for the first time
since June. The G10 aggregate index is on the cusp of flipping
into the black and is at its highest in a year
"Over the past 24 hours there has been a move towards more
risk-friendly, pro-growth currencies," Rodrigo Catril, senior FX
strategist at National Australia Bank in Sydney.
The euro EUR=EBS was flat at $1.104. It reached an
overnight high of $1.1067 after a Reuters report that Germany
may set up public-investment agencies to boost fiscal stimulus
without breaching national spending rules The Swedish crown SEK=D3 was the only notable loser in
early London trading, falling 0.5% versus the dollar and 0.7%
against the euro, after August inflation data came in below
market expectations.
Sterling was steady GBP=D3 as Britain's parliament voted
to block Prime Minister Boris Johnson's bid for an early
election, which pushed him to promise he would secure a Brexit
deal at a European Union summit next month.
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Green shoots in global economy https://tmsnrt.rs/2A4eDuu
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