Euro Rises to Record Against Yen, Climbs Versus Dollar on Interest Rates

(Bloomberg) -- The euro rose to a record against the
yen and strengthened versus the dollar on speculation inflation
will accelerate in Europe, forcing policy makers to push
interest rates higher through the rest of this year.

The euro rallied the most in almost three weeks against the
dollar after Financial Times Deutschland said that the European
Central Bank will lift inflation and economic growth forecasts
for the region. The ECB, due to meet on June 6, is expected to
increase borrowing costs by a quarter point to 4 percent,
economists unanimously predicted in a Bloomberg survey.


Read more at Bloomberg Currencies News