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FOREX-Dollar rises to 7-mth high versus yen

Fri Aug 8, 2008 10:07am EDT
 
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NEW YORK, Aug 8 (Reuters) - The dollar rose to a seven-month high against the yen on Friday, helped by a steep decline in oil prices that boosted U.S. stocks.

The dollar climbed as high as 110.09 yen <JPY=>, its highest level since January, according to Reuters data. It was last up 0.6 percent at 110.03 yen.

U.S. September crude CLU8 was down about 3 percent to trade at $116.38 a barrel, helping to lift stocks on Wall Street to a session high.

(Reporting by Lucia Mutikani; Editing by Chizu Nomiyama)

 

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