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Dollar rises to lower 113 yen in Tokyo
www.chinaview.cn 2005-09-30 18:52:12

    TOKYO, Sept. 30 (Xinhuanet) -- The US dollar rose to the mid-113 yen level Friday in Tokyo, matching the 16-month local high scored Wednesday on continued expectations of higher US interest rates.

    At 5 p.m. (0800 GMT), the dollar was quoted at 113.26-29 yen, compared with Thursday's 5 p.m. quotes of 112.95-113.05 yen in New York and 113.07-09 yen in Tokyo.

    The dollar hit an intraday high of 113.41 yen late afternoon, the same quote it fetched at one point Wednesday and the highest level since late May 2004. Friday's intraday low was 112.95 yen and the dollar traded most frequently at 113.15 yen during the day.

    The euro traded at 1.2022-2025 dollar and 136.19-23 yen, against Thursday's 5 p.m. quotes of 1.2026-2036 dollar and 135.99-136.09 yen in New York and 1.2053-2055 dollar and 136.29-33 yen inTokyo.

    The dollar remains attractive for some market players on strong expectations on a rate hike, dealers said, adding that the market players will keep an eye on coming US and Japanese economic data to determine their next move. Enditem

    

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