Thursday, May 10, 2007

Euro Little Changed Versus Dollar as ECB's Trichet Speaks on Rate Policy

(Bloomberg) -- The euro was little changed against the dollar and higher against the yen after the European Central Bank left its interest rate at 3.75 percent.

The ECB maintained its benchmark rate at a 5 1/2-year high as expected by all 45 economists surveyed by Bloomberg News. Investors are betting the central bank will raise rates at least once more this year, interest-rate futures show. The Federal Reserve yesterday kept rates on hold.


Read more at Bloomberg Currencies News

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