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Dollar erases losses versus yen as stocks soar
October 17, 2008 / 1:03 AM / in 9 years

Dollar erases losses versus yen as stocks soar

<p>A Pakistani currency dealer counts U.S. dollars at his shop in Karachi October 17, 2008. REUTERS/Athar Hussain</p>

NEW YORK (Reuters) - The U.S. dollar rebounded against the yen on Friday as stocks on Wall Street extended gains.

The dollar rose as high as 101.73 yen before pulling back to last trade at 101.68 yen, up 0.1 percent on the day.

U.S. stocks vaulted sharply higher in volatile trade, driving the Dow back above 9,000 as reassuring results from Google Inc (GOOG.O) and IBM (IBM.N) buoyed the technology sector and energy stocks rose with oil.

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