(Bloomberg) -- The euro was little changed, after
earlier reaching an all-time high versus the yen, on speculation
recent gains already reflect expectations the European Central
Bank will raise interest rates this year.
The 13-nation currency also retreated from its two-month
high against the dollar as investors cut risks before the U.S.
Independence Day holiday tomorrow and the ECB's interest-rate
meeting. Economists surveyed by Bloomberg News forecast policy
makers will hold borrowing costs at 4 percent on July 5.
Read more at Bloomberg Currencies News
earlier reaching an all-time high versus the yen, on speculation
recent gains already reflect expectations the European Central
Bank will raise interest rates this year.
The 13-nation currency also retreated from its two-month
high against the dollar as investors cut risks before the U.S.
Independence Day holiday tomorrow and the ECB's interest-rate
meeting. Economists surveyed by Bloomberg News forecast policy
makers will hold borrowing costs at 4 percent on July 5.
Read more at Bloomberg Currencies News
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