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Dollar flirts with 2007 peak vs yen, consolidates against others

Sheds some ground against the euro amid hopes for Greece deal

Reuters  |  Sydney 

The dollar hovered at eight-year highs against the yen early on Thursday, having stopped short of breaking above its 2007 peak as it consolidated recent gains against the euro and other peers. The greenback popped above 124.00 yen for the first time since June 2007, but lost steam after reaching 124.09, just shy of the 124.14 peak. It last traded at 123.76. A break above the key level would take the dollar back to highs not seen since December 2002, a move that could prompt more verbal intervention from Japanese officials. On Wednesday, Japanese policymakers cautioned ...

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First Published: Thu, May 28 2015. 06:06 IST