TOKYO: The euro fell sharply against major currencies in thin Asian trade Thursday after it hit a 10-year low against the Japanese unit in New York.
The euro fell to $1.2903 and 100.49 yen in early Tokyo trade, down from $1.2912 and 100.80 yen late Wednesday in New York.
The dollar stood at 77.86 yen, barely changed from 77.90 in New York.
A senior dealer at a major bank in Tokyo said the overall selling volume was not large, meaning the impact of euro sell orders was being magnified due to thin year-end flows in Asian markets.
In New York Wednesday, the single European currency fell to 100.73 yen, its lowest level since June 2001, while also plunging against the greenback below the $1.30 line to its lowest level since January 11.
The euro fell to $1.2903 and 100.49 yen in early Tokyo trade, down from $1.2912 and 100.80 yen late Wednesday in New York.
The dollar stood at 77.86 yen, barely changed from 77.90 in New York.
A senior dealer at a major bank in Tokyo said the overall selling volume was not large, meaning the impact of euro sell orders was being magnified due to thin year-end flows in Asian markets.
In New York Wednesday, the single European currency fell to 100.73 yen, its lowest level since June 2001, while also plunging against the greenback below the $1.30 line to its lowest level since January 11.
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