Greenback hits 2-week high against yen

London

THE US dollar rose to a two-week high against the yen on Tuesday ahead of testimony by Federal Reserve chief Janet Yellen, which should show whether the US central bank is on track to raise interest rates later this year.

As investors await the reaction of Germany and other eurozone leaders to reform proposals from Greece, a more subdued performance against the euro kept a lid on gains for the US dollar against a basket of currencies.