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Euro hits record high versus dollar on weak stocks

TOKYO
Sun Oct 21, 2007 7:46pm EDT

TOKYO (Reuters) - The euro rose to a record high against the dollar on Monday, after weak U.S. stocks and the apparent absence of support for the beleaguered U.S. currency by Group of Seven finance officials kept the dollar under broad selling pressure.

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The euro EUR= climbed to $1.4347 on electronic trading platform EBS in early Asian trade, hitting its highest level since the single currency's introduction in 1999.

The dollar .DXY also sank to a record low 77.120 against a basket of currencies, while sliding to 113.42 yen JPY=, more than one yen lower against the Japanese currency from late New York levels.



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