The dollar was near an almost eight-year high against the yen after economic reports suggested the U.S. is getting back on track after a slow first quarter.
The U.S. currency strengthened versus all 16 major peers after orders for capital equipment rose for a second straight month and purchases of new homes exceeded forecasts. The euro dropped to its lowest in a month as Greek Finance Minister Yanis Varoufakis blamed creditors’ insistence on additional austerity for an impasse on the release of financial aid.
