Euro Advances From Seven-Week Low Against Dollar on Outlook for ECB Rates

(Bloomberg) -- The euro rose from a seven-week low
against the dollar on speculation Europe's inflation will
accelerate, forcing policy makers to push interest rates higher
through the rest of this year.

The euro touched the all-time high against the yen after
Financial Times Deutschland said the European Central Bank will
lift forecasts for inflation and economic growth. The yen and
the Swiss franc advanced against the dollar as a slump in
Chinese stocks pushed investors to exit so-called carry trades,
in which they buy higher-yielding assets financed by loans in
Japan and Switzerland.


Read more at Bloomberg Currencies News