Dollar rallies 1 percent versus yen, hits session peak
NEW YORK Feb 1 (Reuters) - The dollar extended its rally against the yen to 1 percent in late morning trade on Friday as Treasury yields rebounded from lows on upbeat U.S. economic data.
The dollar rose as high as 92.64 yen on Reuters data, still a 2-1/2 year high. It was last at 92.55 yen, up 0.9 percent on the day.
Gains in dollar/yen 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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The BSE Sensex and Nifty on Friday rose to their second consecutive record highs. The 30-share Sensex surged as much as 1.3 percent to an all-time high of 27,706.80. The broader Nifty gained as much as 1.28 percent to a record of 8,275.15. Full Article