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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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SABURO MATSUMOTO

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                    [Title] => Yen hits record low against euro after G8 meeting
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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

Dollar steady after Wall Street rebound

July 31, 2007 - 11:14am

Nation

Dollar hovers over record low against euro

July 20, 2007 - 11:51am

Nation

Dollar down against yen ahead of Bernanke speech

July 10, 2007 - 10:32am

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