Wednesday, June 13, 2007

US Dollar Strengthens

REUTERS: LONDON (Reuters) - The dollar hit a 4-1/2 year high against the yen and 11-week peak versus the euro on Wednesday after a rally in U.S. Treasury yields boosted its appeal.

Investors were braced for U.S. retail sales data, the Federal Reserve Beige Book and speeches from Fed officials as markets have dropped expectations of lower U.S. interest rates later this year. Dollar at 4-1/2 year peak vs yen as U.S. yields rise (more) By Natsuko Waki

Mark Alexander