November 21, 2006	Tuesday	Shawwal 28, 1427

LONDON, Nov 20: The euro hit new highs against the yen on Monday after G20 finance chiefs showed little concern about the weakness of Asian currencies at a weekend meeting, but the European currency was stable against the dollar, dealers said.

The euro was at $1.2809 in late-day trade against $1.2825 late Friday in New York.

The dollar was meanwhile trading at 118.16 yen, from 117.71 yen late on Friday.

While the Bank of Japan’s governor Toshihiko Fukui appeared to diminish the inflation threat facing his country, the European Central Bank's president Jean-Claude Trichet warned there was “no room for complacency” about inflation.—AFP