NEW YORK (Dow Jones)--The euro and other higher-yielding currencies declined against the dollar and yen Thursday as riskier assets fell out of favor on concerns about the slow pace at which the world economy is exiting recession.
"We've got a global recovery underway, but people are beginning to question it, and that's taken them out of the euro and back into the dollar and yen," said Andrew Wilkinson, senior market analyst at Interactive Brokers in Greenwich, Conn.
Slumping equity and commodity prices pushed investors back into the U.S. and Japanese currencies. Indications from around the globe of a more restrictive ...
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