(Bloomberg) -- The euro may rise for a third day
against the dollar on speculation European Central Bank President
Jean-Claude Trichet will raise borrowing costs at a policy
meeting today and signal further increases this year.
The currency may also reach a record high against the yen
for a third day as the ECB has expressed concern companies will
use the strongest period of economic growth this decade to
increase prices. The euro has risen almost 13 percent versus the
yen in the past year as the interest-rate gap between the two
economies widened.
Read more at Bloomberg Currencies News
against the dollar on speculation European Central Bank President
Jean-Claude Trichet will raise borrowing costs at a policy
meeting today and signal further increases this year.
The currency may also reach a record high against the yen
for a third day as the ECB has expressed concern companies will
use the strongest period of economic growth this decade to
increase prices. The euro has risen almost 13 percent versus the
yen in the past year as the interest-rate gap between the two
economies widened.
Read more at Bloomberg Currencies News
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