(Bloomberg) -- The euro rose on speculation European Central Bank President Jean-Claude Trichet will signal at a policy meeting today that interest rates will increase next month.
The ECB will keep its benchmark rate at a 5 1/2-year high of 3.75 percent today, according to all 45 economists Bloomberg surveyed. The euro has risen 5.7 percent against the dollar since August as European policy makers lifted borrowing costs three times and the Federal Reserve kept rates on hold. The Fed yesterday held its target rate for overnight lending between banks at 5.25 percent.
Read more at Bloomberg Currencies News
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