Euro eases in Tokyo after all-time high

The euro eased back in early morning trade on profit-taking after hitting an all-time high earlier in the session, dealers said.

The euro rose to $1.1914; its previous record high of 1.1899 dollars was set at its launch on January 4th, 1999.

An earthquake in northern Japan gave the currency its initial boost in early trade in Tokyo and sent the euro to a record high of Yen 138.70, having been at Yen 137.90 ahead of the earthquake.

The single currency, though not backed by high volumes, gained support from the comments of a number of officials.

Many expect the euro to continue rising once profit-taking has waned. Some investors believe the euro may rise to around $1.25 against the dollar.

AFP