World Economy

$ Highest Since 2007

$ Highest Since 2007$ Highest Since 2007

The dollar climbed to the strongest in almost eight years against the yen as Federal Reserve Vice Chairman Stanley Fischer said central bankers appeared to favor an early US interest-rate increase, Bloomberg reported. The euro dropped to a four-week low against the dollar as Greek finance minister Yanis Varoufakis blamed creditors’ insistence on additional austerity for the impasse over the release of financial aid. The dollar strengthened as much as 0.7% to 122.38 yen, the highest since July 2007, and was at 122.34 as of 7:21 a.m. in London Tuesday. The euro fell o.6% to $1.0916.