Reuters: US Dollar Report: Dollar continues to gain vs yen, near one-week high at peak

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Dollar continues to gain vs yen, near one-week high at peak Jul 27th 2012, 14:22 NEW YORK, July 27 | Fri Jul 27, 2012 10:22am EDT NEW YORK, July 27 (Reuters) - The dollar climbed to a near one-week high against the yen o n Friday as investors bet that a report showing U.S. economic growth slowed as expected in the second quarter would delay any move from the Fed to pump more money into the economy. The dollar gained 0.3 percent against the yen to 78.47 at the peak and was last at 78.45 yen. The euro was last up 0.7 percent at $1.2362, just short of the session peak of $1.2369. The euro benefited from news German chancellor Angela Merkel and French President François Hollande were ready to do everything to safeguard the euro zone.

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