FOREX-US dollar, yen pare losses for bank stress test

May 5th, 2009 - Reuters

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* U.S. dollar steadies after bounce, yen edges up

* Risk appetite ebbs ahead of banks' stress test results

* Euro on defensive ahead of ECB meeting on Thursday

SYDNEY, May 6 (Reuters) - The U.S. dollar steadied onWednesday after rebounding from one-month lows against theeuro, while the safe-haven yen inched up as anxiety about theresults of U.S. bank stress tests saw investors pare riskiertrades.

Stocks paused for breath from a rally which took them tomulti-month highs, amid renewed worries about the financialsector and more fund raising by banks...

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