8 May 2003, 16:50  Euro hits new 4-yr high vs dollar in wake of ECB

LONDON, May 8 - The euro rose to a new four-year high against the dollar on Thursday after the European Central Bank kept the euro's yield advantage in tact by leaving rates steady. The dollar's losses against the euro also drove it to a new 10-month low against the Japanese yen at 116.01 yen , raising market wariness that Japanese authorities could intervene to stem the yen's rise. The euro was up one percent on the day at $1.1462 //

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