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TOKYO, (AFP) - The yen sank to an all-time low against the euro in Asian trade Monday after Group of Eight finance ministers made no mention of the currency's weakness at a weekend meeting, dealers said. 



They said the market was also focusing on China's latest measures to try to control its heady economic growth by raising interest rates and widening the yuan's narrow trading band. 



The dollar firmed to 121.25 yen in Tokyo morning trade, close to a recent near three-month high, up from 121.10 in New York late Friday. 


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KYRIAKOPOULOS

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TOKYO, (AFP) - The yen sank to an all-time low against the euro in Asian trade Monday after Group of Eight finance ministers made no mention of the currency's weakness at a weekend meeting, dealers said. 



They said the market was also focusing on China's latest measures to try to control its heady economic growth by raising interest rates and widening the yuan's narrow trading band. 



The dollar firmed to 121.25 yen in Tokyo morning trade, close to a recent near three-month high, up from 121.10 in New York late Friday. 


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abtest

Yen firms in Asian trade as investors avoid risks

August 14, 2007 - 12:00pm

Nation

Dollar rallies against yen despite housing gloom

July 27, 2007 - 11:50am

Nation

Yen hits record low against euro after G8 meeting

May 21, 2007 - 10:48am

TOKYO, (AFP) - The yen sank to an all-time low against the euro in Asian trade Monday after Group of Eight finance ministers made no mention of the currency's weakness at a weekend meeting, dealers said. They...

Nation