Monday, July 2, 2007

Yen Falls to Record Low Against Euro on Differing Interest Rate Outlook

(Bloomberg) -- The yen fell to a record low against
the euro on speculation rising interest rates will increase the
appeal of European assets to Japanese investors.

The yen fell to a record low of 167.06 per euro at 7:08 a.m.
in London from 166.77 late yesterday in New York. Against the
dollar, it traded at 122.58 from 122.42.


Read more at Bloomberg Currencies News

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