Dollar Set for Best Quarter in a Year; Yen Intervention Watch Rumbles On

Dollar Set for Best Quarter in a Year; Yen Intervention Watch Rumbles On
A picture illustration shows U.S. 100 dollar banks and Japanese 10,000 yen notes taken in Tokyo on Aug. 2, 2011. Yuriko Nakao/Reuters
Reuters
Updated:
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LONDON—The dollar continued to eased from a 10-month high on Friday, but was still headed for its biggest quarterly gain in a year, giving the yen some breathing room as intervention watch intensified.

The dollar index, which tracks the U.S. currency against six others, fell 0.4 percent to 105.75, but was on track to end the quarter up 2.8 percent, along with an 11th straight weekly rally—its longest in nine years.