The dollar moved lower during trading yesterday (October 29th) after official data revealed the US pulled out of recession in the third quarter.According to the government's advance estimate, gross domestic product (GDP) swelled 3.5 per cent in the third quarter of the year, beating expectations of 3.2 per cent growth.The last time the US economy expanded was in the second quarter of 2008. Reacting to the latest GDP figures, foreign exchange traders honed their appetite for risk and began a migration to riskier assets such as the Australian and New Zealand dollars.However, the yen moved higher this morning amid speculation that major Japanese corporations may be repatriating profits earned overseas.Speaking to the Financial Times, Christian Lawrence at RBC Capital Markets commented that the New Zealand dollar in particular had benefited from the flock to high-yielders, as traders had been put off by the perceived dovish tone of the Reserve Bank of New Zealand's latest policy statement.