Markets

Dollar extends rise vs yen in wake of solid US housing data

Published August 20, 2014 Updated August 20, 2014 04:43am

1 min

By Shoaib Ur Rehman

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SINGAPORE: The dollar hit a four-month high versus the yen on Wednesday after strong US housing data the previous day added to hopes of a firming recovery in the world's biggest economy.

The dollar rose to as high as 103.23 yen as of 0347 GMT, its highest level since early April.

It last traded at 103.20 yen, up 0.3 percent on the day.

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