NEW YORK, Nov. 26 (UPI) -- European currency traders Friday pushed up the euro to a record high $1.33 as their Asian counterparts also pushed up Japan's yen against the U.S. dollar.
The euro rose to $1.3329 early Friday before dropping slightly to just under $1.33, the Wall Street Journal reported. In Tokyo the dollar fell to 102.52 yen from 102.54 late Thursday -- its lowest levels against the Japanese currency since December 1999.
The dollar briefly found some stability Thursday against both the euro and the yen after a Chinese financial authority pointedly denied rumors Beijing was dumping U.S. treasury bonds, the Financial Times reported.
The China Business News, a Shanghai-based newspaper launched recently by some of China's biggest media groups, quoted Yu Yongding, a member of the central bank's advisory monetary policy committee, as saying Beijing had cut the proportion of foreign exchange reserves held in dollars.
But Yu has since denied that story, saying he has no personal knowledge of the composition of China's foreign exchange reserves or reserve strategy.
