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Markets

Euro strikes new 10-year low against yen

Published Updated

euroLONDON: The European single currency plunged on Thursday to a new 10-year low against the yen, as investors sought the safe-haven currency amid fears over the US Federal Reserve's gloomy outlook and the eurozone debt crisis.

At about 0915 GMT, the euro dived to 103.14 yen, hitting the lowest level since June 2001. That compared with 103.74 yen late in New York on Wednesday.

Copyright AFP (Agence France-Presse), 2011

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