Sunday, June 17, 2007

Euro sets new high vs yen, kiwi dips on RBNZ sales

(Reuters) - The euro scaled a record peak against the yen on Monday on expectations for the Bank of Japan to raise interest rates only gradually, while the New Zealand dollar retreated on suspected fresh central bank intervention.

The euro extended its gains to hit a record high against the low-yielding yen for the second straight session, getting a boost from Friday's remarks by BOJ Governor Toshihiko Fukui that all but doused fears of a rate rise in July.


Read more at Reuters Africa

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