The dollar rallied across the board on Friday, rocketing to a fresh 4-1/2-year high against the yen above the 103-yen level as data showing a robust rebound in US consumer sentiment prompted more investors to add to bullish bets. Debate over whether the Federal Reserve would wind down its asset-buying program this year gathered pace, helping push the dollar upward against a basket of currencies to a near three-year peak.
The dollar rose as high as 103.12 yen and last traded at 102.98, up 0.7 percent on the day. For the week, the dollar gained 1.4 percent against the yen, its third straight week of advances and bringing the year-to-date rally to 18.75 percent. The euro fell as low as $1.2795, its lowest since April 4. It last traded at $1.2832, down 0.4 percent on the day. The euro fell 1.286 percent for the week, its worst weekly performance since the week ended March 29. Against the yen, the euro was at 132.07 yen, up 0.3 percent.
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