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
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012