Anatole
04-05-2007, 11:03 AM
April 5 (Bloomberg) -- The euro rose to a two-year high against the dollar and approached an all-time record versus the yen as signs of faster growth in Europe raised speculation the region's central bank will increase interest rates.
Gains in the euro accelerated after it rose above $1.34, triggering orders to buy the currency, traders said. European Central Bank officials said this week that higher borrowing costs are needed to contain inflation as reports showed strength in manufacturing. The Bank of England kept rates unchanged today.
http://www.bloomberg.com/apps/news?pid=20601087&sid=alZpSC2rSHV8&refer=home
Gains in the euro accelerated after it rose above $1.34, triggering orders to buy the currency, traders said. European Central Bank officials said this week that higher borrowing costs are needed to contain inflation as reports showed strength in manufacturing. The Bank of England kept rates unchanged today.
http://www.bloomberg.com/apps/news?pid=20601087&sid=alZpSC2rSHV8&refer=home