New York Feb 26 The dollar extended gains
against the Japanese yen and pared losses against the euro on
Tuesday on a slew of U.S. data and after Federal Reserve
Chairman Ben Bernanke strongly defended the U.S. central bank's
Bernanke, before Congress on Tuesday, said the benefits of
the Fed's bond buying program, called quantitative easing,
clearly exceed possible costs.
Meanwhile, new U.S. single-family home sales surged to their
highest level in 4-1/2 years in January and U.S. consumer
confidence picked up much more strongly than expected in
The Federal Reserve Bank of Richmond's monthly service index
turned positive in February.
The dollar last traded at 92.18 yen, up 0.4 percent
on the day. It had been trading at about 91.98 before the data
The euro last traded at $1.3064, flat on the day. It
had been trading at about $1.3108 before the news, according to