Euro rises to near 8-month high versus yen
LONDON Dec 12 (Reuters) - The euro rose to its highest in nearly eight months on Wednesday, with the Japanese currency under broad pressure on talk of more aggressive monetary easing after a likely victory of the Liberal Democratic Party in an election on Sunday.
The euro rose 0.6 percent to 107.975, its highest level since mid-April. Traders cited option barriers at 108 yen and 108.25 yen.
- Tweet this
- Share this
- Digg this
- Microsoft names next operating system 'Windows 10'
- Hong Kong protests approach potential National Day flashpoint
- Column: Why work with Modi? It’s the economy, stupid
- Obama, Modi work to deepen improving U.S.-India ties
- Kurds seize Iraq/Syria border post; Sunni tribe joins fight against Islamic State
U.S. President Barack Obama and Indian Prime Minister Narendra Modi agreed on Tuesday to deepen U.S.-Indian cooperation on maritime security to ensure freedom of navigation in what amounts to a response to China's naval muscle-flexing in Asia. Story | Full Coverage