Euro, yen fall as risk appetite recovers

London

THE euro and yen fell across the board on Tuesday as stronger-than-expected German data and rising European stock prices prompted investors to wind back some of the risk aversion that has recently dominated currency markets.

German exports and imports hit record highs in value terms in July, suggesting that foreign appetite for goods from Europe's largest economy remained robust despite a slowdown in China, while domestic demand was also holding up well.