Mon, Apr 13th, 2009

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* Dollar, yen lower, higher-yielders advance

* Many financial centers closed for Easter holiday

* Focus on stock reaction to U.S. bank earnings, GM (Adds comments, updates prices, changes byline)

NEW YORK, April 13 (Reuters) - The dollar and yen droppedagainst the euro on Monday as improved appetite for risk erodedthe safe-haven appeal of the U.S. and Japanese currencies.

Risk sentiment has improved in recent sessions, buoyed by afive-week rally in Wall Street stocks and growing hopes thatthe financial sector and global economy may be past the worst.

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