Dollar and Yen Moving Up: Currency Watch

NEW YORK (TheStreet) -- What economic recovery? According to reports on Monday morning, that global sentiment was driving losses in equities and commodities around the world. And it looks like the dollar and the Japanese Yen were the beneficiaries, continuing their march upwards at the open of U.S. markets.

Still, the dollar was coming off highs following encouraging manufacturing data out of New York showed a surprising boost in activity.

The dollar was gaining at 1.1066 Canadian dollars, while also tracking up to 1.0811 Swiss francs.

On the other hand, the dollar was slipping to 94.5650 yen.

Earlier today, stocks around the world took a dip following less-than-hopeful consumer confidence data. This, despite news out of Asia that Japan's GDP recovered during the second quarter.

Just after the opening bell, American Depositary shares for Toyota(TM Quote), PetroChina(PTR Quote), Sony(SNE Quote), and Panasonic(PC Quote) were each sliding on Monday.

The euro was down at $1.4080, while the British pound was off, buying at $1.6324.

-- Reported by Sung Moss in New York