GLOBAL MARKETS- ‘ Dollar stands tall, Asian shares slip ‘

#AceFinanceReport – Global Markets:June.02: TOKYO (Reuters) – (This version of the story corrects dollar’s high against the yen in second paragraph)

The dollar ascended to a new 12-1/2-year peak against the yen on Tuesday, while Asian shares fell for a second day as the stronger greenback pressured commodity prices.

The dollar rose as high as 125.07 yen, its loftiest peak since late 2002, before retracing to stand at 124.67 yen, down about 0.1 percent on the day, after a spate of mostly upbeat U.S. data reinforced expectations that the Federal Reserve would raise interest rates this year

GLOBAL MARKETS-Dollar stands tall, Asian shares slip

(This version of the story corrects dollar’s high against the yen in second paragraph)

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