Dollar extends gains versus yen, hits session peak

NEW YORK Fri Feb 1, 2013 8:55pm IST

NEW YORK Feb 1 (Reuters) - The dollar rose further against the yen to hit a session peak in mid-morning trade on Friday.

The dollar hit as high as 92.39 yen on Reuters data, still a 2-1/2-year high. It was last at 92.34 yen, up 0.7 percent on the day.

Gains accelerated after U.S. data showed the pace of growth in the manufacturing sector picked up in January to its highest level in nine months, while consumer sentiment unexpectedly improved in January.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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