(Bloomberg) -- The euro rose to an all-time high
against the yen and traded near a record versus the dollar on
prospects the European Central Bank will signal plans to raise
its benchmark interest rate at least once more this year.
The euro has gained 3.2 percent versus the dollar in 2007 as
the spread between German and U.S. two-year notes declined to the
narrowest in 2 1/2 years. ECB President Jean-Claude Trichet today
may keep borrowing costs at a six-year high and suggest further
increases. The pound was near a 26-year high against the dollar
on speculation the Bank of England will raise rates today.
Read more at Bloomberg Currencies News
against the yen and traded near a record versus the dollar on
prospects the European Central Bank will signal plans to raise
its benchmark interest rate at least once more this year.
The euro has gained 3.2 percent versus the dollar in 2007 as
the spread between German and U.S. two-year notes declined to the
narrowest in 2 1/2 years. ECB President Jean-Claude Trichet today
may keep borrowing costs at a six-year high and suggest further
increases. The pound was near a 26-year high against the dollar
on speculation the Bank of England will raise rates today.
Read more at Bloomberg Currencies News
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