Wednesday, May 23, 2007

Euro Rebounds Against Dollar on Faster Economic Growth, ECB Rate Outlook

(Bloomberg) -- The euro rose against the dollar from a
six-week low on signs euro-region growth at its fastest in almost
six years will spur the European Central Bank to continue raising
interest rates.

The euro rose to $1.3579 as of 7:47 a.m. in New York from
$1.3516, compared with $1.3448 late yesterday. The single currency
also rose against the yen to 163.84, having earlier declined to
163.38, from 163.48 the day before.


Read more at Bloomberg Currencies News

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