Wednesday, October 3, 2012

Reuters: US Dollar Report: Dollar hits fresh 2-week high vs yen after US ISM services data

Reuters: US Dollar Report
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Dollar hits fresh 2-week high vs yen after US ISM services data
Oct 3rd 2012, 14:08

NEW YORK | Wed Oct 3, 2012 10:08am EDT

NEW YORK Oct 3 (Reuters) - The dollar hit a fresh two-week high against the yen on Wednesday after data showed a pick-up in U.S. service sector activity last month.

The Institute for Supply Management said its services index rose to 55.1 percent in September, topping market expectations for a reading of 53.2.

The dollar rose to a peak of 78.53 yen after the data and was last at 78.47, up 0.4 percent. The euro, meanwhile, extended losses to $1.2892 from about $1.2902 just before.

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