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* Dollar sags vs euro as safety buying peaks * But dollar holds steady vs yen

WELLINGTON, Oct 17 (Reuters) – The New Zealand dollar<NZD=> settled in a broad range on Friday, helped by a slightlyimproved appetite for risk, but with investors still concernedabout global recession. At 0400 GMT the kiwi was at $0.6171/81 compared with$0.6095/04 in late local trade on Thursday. It traded between$0.6116 and $0.6219.

By Elaine Lies TOKYO, Oct 17 (Reuters) – Japan’s Nikkei average rose 1.5percent on Friday, with Canon Inc <7751.T> and other exporters upon a weaker yen, but early gains were trimmed by worries about aslowing global economy.Mitsubishi Corp <8058.T> and other trading houses extendedlosses as long-term oil demand was expected to remain weak,raising fears about profits, while shipping firms slipped asfreight rates continued to slide.Tokyo shares were tracking Wall Street, which bounced back ina day of volatile trade. U.S. shares fell after weak economicdata fuelled recession fears but climbed as bargain hunterssnapped up shares. [.N]

This has been a tough week on the markets. One day is white, the next day is black. The pause in the bearish market has been very short then. Monday and Tuesday have been bullish sessions thanks to the governments’ guarantees around almost all over the world. Yesterday the S&P/ASX 200 fall back by 6.67% [...]

Money Morning Uncertainty Index
We almost don’t know what to expect from today’s market. This time last week the bottom seemed to be falling out of it. Today a strong lead from Wall Street could help to push it higher. But it’s all ‘ifs’ and ‘buts,’ the reality is we don’t know.
It really comes down to [...]

* Dow up 4.7 pct, S&P up 4.3 pct, Nasdaq up 5.5 pct * Investors scour for bargains after Wednesday’s drop

(Refiles to add day of week to lead) * Oil falls below $70 for the first time since Aug 2007