Interest Rate Speculation Boosts Euro

The euro has made steady gains against the dollar for the past week as speculation intensifies that the European Central Bank will lift interest rates sooner than previously expected. The euro matched a four-month high this morning reaching $1.4020 in early morning trading in New York today.

ECB President Jean-Claude Trichet is scheduled to speak in Basel, Switzerland today where some observers believe Trichet will signal a rate hike could come as soon as April.

Source: Bloomberg

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