30 October 2003, 12:18  Euro falls to 8-week lows vs yen

LONDON, Oct 30 - The euro slid to eight-week lows versus the yen on Thursday, as dealers said moves by Japanese investors out of European bonds and into currencies benefiting from global economic recovery weighed on the single currency. By 0835 GMT, the euro had fallen as low as 126.04 yen , its lowest since September 4. "There has been market talk that there have been big bond redepemtions, and that is weighing on euro/yen -- redemptions of European bonds held by Japanese investors," Kamal Sharma, currency strategist at Dresdner Kleinwort Wasserstein. "There is a general trend where those currencies set to benefit from a global economic upturn are the ones doing well. Euro/yen has come under pressure from that as well as from the bond redemption story."//www..com

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