Dollar trades two-month peak against yen

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Dollar trades two-month peak against yen

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30 December,2009 01:15 pm

Dollar rose to two-month high level against yen in Asian markets today.With a likelihood in the increase in interest rates in US, the demand of dollar rose in the Asian markets, which was resulted into rise in dollar rates by 92.14% against yen.Euro also fell against dollar by 1.43. Negative impact in Asian markets witnessed due to hike in dollar.MSCI Asia Pacific shrank to 119.98 with a reduction of 4 percent.