Forex Journal

The dollar rose to a six-month high of 80.08 yen on speculation signs of growth in the U.S. economy will reduce the case for more quantitative easing by the Federal Reserve. The euro was within 0.1 percent of a three-month high versus Japan’s currency after the Greek government won a second bailout and sent debt-swap and austerity measures to parliament for approval. The U.S. currency gained for a fifth day versus the yen before data economists forecast will show the housing market is stabilizing. The Norwegian krone climbed as crude oil traded near a nine-month high. Full story