FRX: Euro, dollar erase losses vs yen as Wall St rises
NEW YORK, July 13 (Reuters) - The dollar and euro erased earlier losses against the yen on Monday as Wall Street staged a late morning rally amid hope that U.S. corporate earnings may not be as weak as expected.
The dollar edged up to 92.59 yen, up 0.1 percent on the day, after earlier falling to a five-month low at 91.73 yen, according to electronic trading platform EBS. The euro rose 0.4 percent to 129.40 yen.
Against the dollar, the euro rose 0.3 percent to $1.3963 after earlier falling as low as $1.3897.
U.S. stocks jumped after an influential bank analyst upgraded Goldman Sachs Group and sparked some hopes that corporate earnings this week would not be as bad as initially thought. (Editing by Leslie Adler)
