The Japanese yen rose slightly against the euro and the U.K. pound today as the exports, boosted by the demand from the emerging markets, showed a significant increase, causing the economy to recover with the greater-than-expected pace, though the U.S. dollar managed to outperform the Japanese currency with the aid of the increasing production and the decreasing jobless rate.

The Swiss franc experienced a decline against the euro because of the intervention by the Swiss National Bank, as the central bank was selling the currency after it reached the record high level.

The Chilean peso gained, cutting its losing streak, which it experienced for three weeks, on speculation that the government and insurers may start selling dollars, to pay for fixing the damage caused by the earthquake with a magnitude of 8.8 magnitude.

The pound continues its rally versus the U.S. dollar, touching the highest level since March 22nd, as the survey showed that the Conservative party is leading against the opposing Labor party in the election, lowering a concern that the new government may be not strong enough to tame the budget deficit.

The U.S. dollar rose slightly above the opening level after it dropped today to a lowest level in a week versus the euro as the pace of the global economic rebound increase, forcing down the demand from traders and investors for the U.S. currency as a safe haven and an investment asset, who are now more willing to part with the greenback and take a little more risk.

The dollar continued to lose ground this Wednesday as appetite for risk remains predominant in trading markets worldwide this week, making investors to bet higher-yielding assets once and moving the dollar towards a weekly loss versus multiple currencies.

The yen is having a hard time this week as risk appetite rose globally, decreasing attractiveness for the relative safety available in assets in the Asian country, being of the worst performers during the past days in forex markets together with the U.S. dollar.