Euro Gains on Anticipation of Rates Increase by ECB
The euro rose today against the US dollar and the Japanese yen on the speculation that the surge of the oil prices will cause the European Central Bank to raise the interest rates to deal with the inflation.
ECB President
EUR/USD rose from 1.3651 to 1.3756 today as of 15:14 GMT, while EUR/JPY advanced from 112.96 to 113.54 after reaching 113.81 previously.
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Crude Oil, EUR/JPY, EUR/USD, Europe, European Central Bank, Interest Rates, Jean-Claude Trichet, Libya
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Earlier News About the Euro:
- Euro Rises as ECB Official Speaks in Favor of Interest Rates Hike (2011-02-18)
- Euro Drops as Nations Argue Against Debt-Reduction Measures (2011-02-14)
- Euro Slumps as ECB Holds Interest Rates Unchanged (2011-02-03)
- Euro Rises with Consumer Prices (2011-01-31)
- Euro Rises for 4th Day on German Business Confidence Data (2011-01-21)