Thursday, May 3, 2007

Dollar rises to 2-mo high vs yen after ISM services

(Reuters) - The dollar rose to a two-month high against the yen on Thursday, after a report showed U.S. services sector activity grew stronger than expected in April, easing some concerns about slowing economic growth.

The dollar strengthened to around 120.38 yen, up 0.1 percent on the day and less than half a yen away from highs last seen on February 27 when a wave of risk aversion boosted the Japanese currency.


Read more at Reuters Africa

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