Wednesday, May 23, 2007

Euro Advances as Economic Reports, ECB Officials Fuel Speculation on Rates

(Bloomberg) -- The euro rose as European economic
reports and central bank officials fueled speculation interest
rates will rise twice more this year.

The currency rebounded from an almost six-week low against
the dollar after a report showed industrial orders in the euro
region recovered in March and before a survey tomorrow that's
expected to show increased business confidence in German.


Read more at Bloomberg Currencies News

No comments: