The dollar was near a
two-month high versus the yen amid speculation key jobs data on Friday
will add to signs the U.S. economy is ready for an interest-rate
increase.
Japan’s currency was
the second-biggest loser among major currencies against the greenback on
Wednesday, after a U.S. report showed service providers expanded in
July at the strongest pace in a decade. Friday’s figures are projected
to show employers added more than 200,000 jobs for a third month in
July. New Zealand’s dollar hit a six-year low in New York.
The dollar was little
changed at 124.81 yen as of 9:16 a.m. in Tokyo, after rising to 125.01
on Wednesday, its highest since June 8. It was at $1.0913 from $1.0906
per euro.
The Bloomberg Dollar
Spot Index was at 1,216.71 from 1,217.04 in New York, where it climbed
to as high as 1,219.31, the most since March 16. The gauge, which tracks
the greenback against 10 major peers, climbed Wednesday after the
Institute for Supply Management’s non-manufacturing index jumped by 4.3
points to 60.3, the most since August 2005.
Source: Bloomberg
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