Sponsored by: Investment Center

Something new in your business?  Click here to submit your business press release

Chamber Corner | Main Street News | Job Hunt | Classifieds | Calendar | Illinois Lottery 

Dollar rises above 104.49 yen to hit seven-month high

Send a link to a friend  Share

[September 02, 2014] TOKYO (Reuters) - The dollar hit a seven-month peak against the yen on Tuesday, helped by expectations for further gains for the currency on diverging monetary policy paths.

The dollar rose to as high as 104.64, highest since late-January, with gains by Tokyo shares denting the safe-haven appeal of the yen.

The greenback has recently appreciated against its peers such as the euro, which has hit one-year lows versus its U.S. counterpart on expectations for further easing by the European Central Bank.

(Reporting by Shinichi Saoshiro; Editing by Eric Meijer)

[ 2014 Thomson Reuters. All rights reserved.]

Copyright 2014 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Civic

< Top Stories index

Back to top