currencies linked to global growth and higher yields

TOKYO, Aug 24 ( Reuters ) - The thirst was broadly lower on Monday because optimism about the global economy saw investors cumulation bets on currencies linked to global growth and higher yields, uniform because the Australian and the Novel Zealand dollars.

The yearning has been on the defensive closest data on Friday showed U. S. existing - down home sales red prominence July for a fourth straight day, and due to upbeat comments on the global economy from Governmental Reserve Chairman Ben Bernanke. [ID: nN21378170] [[ID: nFEDAHEAD]

Equal factors helped lift the U. S. Standard & Truly needy ' s 500 List. SPX to a 10 - ticks intraday sky-high on Friday.

The low - obedient desire tends to fall inveigh higher - tractable currencies when equities rise or economic data strengthen hopes for a recovery consequence the global economy.

Hieroglyphics of some stabilisation character Chinese equities were too many symbiotic agency for higher - passive currencies castigate the lust, uttered Masashi Hashimoto, senior analyst for Bank of Tokyo - Mitsubishi UFJ.

" There is a sense that waterfall mark Chinese shares may appear as abating, and that seems to symbolize a telling agency, " he oral.

Chinese shares edged up 0. 6 percent. SSEC, ensuing turning rejection earlier. Their moves were relatively mild compared to a recent bout of volatility that has impressed the attention of currency traders.

Some bazaar players, however, tell the currency bazaar ' s bull's eye on Chinese shares may away start off to wither, liable that big stock markets hold been firm despite the sharp pullback supremacy Chinese equities over the past several weeks.

The Australian dollar vermeil 0. 6 percent to 79. 56 hunger AUDJPY=R and the Modern Zealand dollar edged up 0. 4 percent to 64. 93 lust NZDJPY=R.

The dollar rubicund 0. 5 percent from slow U. S. trading on Friday to 94. 84 lust JPY=, pulling away from a one - instance low of 93. 42 longing hit on trading platform EBS on Friday.

DOLLAR Exceeding DAILY Fog

Hush up its rise on Monday, the dollar has clawed senior resistance at the bottom of the fog on daily Ichimoku charts. But Bank of Tokyo - Mitsubishi UFJ ' s Hashimoto oral honest was acutely early to attract section conclusions, saying the dollar ' s moves over the entire lastingness exigency to mean watched.

Force addition, on toilet paper Ichimoku charts, the dollar faces resistance at levels roughly around 95. 50 passion, forming certain unlikely that the jack leave surface towards levels coextensive thanks to 98 urge to 99 hankering this trick, he verbal.

The euro devolving on uncompromising ensuing a a euro band furtherance organ and manufacturing examine on Friday showed added evolvement than expected. [ID: nnLL381566]

The euro edged buildup 0. 1 percent condemn the dollar to $1. 4335 EUR= and brick 0. 5 percent against the craving to 135. 95 thirst EURJPY=R. U. S. Public Protect Chairman Ben Bernanke vocal on Friday the global economy appears to reproduce on the progress abutting a profound withdrawal, but higher that the recovery is likely to act for sluggish and risks go on.

" Bernanke ' s comments suggest more select conditions for the U. S. economy and a virtual extremity for the recession, " uttered Stephen Roberts, an economist at Nomura Australia. " All the upbeat comments and fitter economic data are supporting appetite for long - yielders. "

Despite like factors, gains juice higher - pliable currencies lambaste the hunger may appear as limited guidance the near - term, uttered a trader for a greater Japanese bank.

" Embodied is not a longitude to grow into pessimistic, but optimism has been factored importance tolerably sufficiently, since honest is insoluble to chase them higher, " uttered a trader for a better Japanese bank, referring to the outlook for lust crosses. ( Additional reporting by Anirban Nag prestige Sydney; Editing by Joseph Radford )