The dollar rose as high as 97.20 yen
Traders said there were rumours of option barriers at 97 yen that could have helped push the dollar higher.
Wednesday, February 25, 2009
Dollar rises above Y97 for first time in 3 months
The dollar rose above 97 yen for the first time in three months on Wednesday as speculators unwound long yen positions built up over the last few months.
The dollar rose as high as 97.20 yen on trading platform EBS, its highest since late November and up 0.6 percent on the day.
Traders said there were rumours of option barriers at 97 yen that could have helped push the dollar higher.
The dollar rose as high as 97.20 yen
Traders said there were rumours of option barriers at 97 yen that could have helped push the dollar higher.
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