Dollar edges down, but bolstered by Fed expectations The dollar edged down in Asian trading on Friday, taking a breather from this week's rally that brought it to its highest levels against the yen since 2002 on growing expectations that the U.S. Federal Reserve would raise interest rates this year.
FOREX-Dollar hits highest vs yen since 2002, Aussie sags on capex disappointment *USD touches 124.30 yen, highest level since December 2002. TOKYO/ SYDNEY, May 28- The dollar hit its highest since December 2002 against the yen on Thursday due to expectations that U.S. interest rates will rise later this year, while the Australian dollar struck a six-week low following disappointing capital expenditure data. The greenback soared as high as...
| By: Tomo Uetake and Ian Chua
Euro whipsaws on Greek official comments The euro traded back-and-forth against the dollar on Wednesday, amid comments made by a Greek official indicating that Greece and its creditors have started to put together a staff level accord.
Open skies in Australia: Will it draw carriers? Australia may be weighing the possibly unprecedented step of allowing foreign airlines to offer domestic flights, but it isn't clear the skies down under are particularly attractive to outside carriers.
| By: Leslie Shaffer
Dollar on upward track, at eight-year high vs yen The dollar rose 1 percent against a basket of currencies on Tuesday, extending gains since a round of improved inflation data last Friday and driving the euro below $1.09 for the first time in a month.