Monday, 18 June 2007

GLOBAL MARKETS-Euro strong vs yen, stocks test fresh peaks

(Reuters) - LONDON, June 18 - The euro hit an all-time high
against the yen on Monday amid expectations that Japan's low
interest rates will rise only gradually, while stocks reached
fresh peaks on confidence the global economy will remain strong.




The New Zealand dollar held firm despite suspicions the
central bank had again interevened to sell the high-yielding,
high-flying currency, while U.S. and euro zone government bonds
steadied after last week's hefty sell-off.


Read more at Reuters.com Economic News

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