Dollar extends gains vs yen after U.S. data
NEW YORK Dec 5 (Reuters) - The dollar gained versus the yen on Wednesday after data showed the pace of growth in the U.S. services sector increased more than expected in November.
The dollar rose as high as 82.19 yen after the data, compared with 82.09 earlier. It was last at 82.16 yen, up 0.3 percent on the day.
Separate data showed new orders received by U.S. factories unexpectedly rose in October.
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As well as making the lives of millions of middle class Indians easier, the sharp drop in Brent crude prices since June is a boon for Prime Minister Narendra Modi in his fight to revive an economy growing at its slowest rate since the 1980s. Full Article