(Bloomberg) -- The euro was little changed before a
report today that economists say will show investor confidence in
Germany, Europe's largest economy, rose to the highest in a year.
The currency earlier touched a record against the yen and
reached its highest in more than a week versus the dollar on
speculation the European Central Bank will keep raising borrowing
costs to quell inflation. ECB executive board member Jose Manuel
Gonzalez-Paramo said yesterday monetary policy was accommodative,
indicating interest rates have room to rise from 4 percent.
Read more at Bloomberg Currencies News
report today that economists say will show investor confidence in
Germany, Europe's largest economy, rose to the highest in a year.
The currency earlier touched a record against the yen and
reached its highest in more than a week versus the dollar on
speculation the European Central Bank will keep raising borrowing
costs to quell inflation. ECB executive board member Jose Manuel
Gonzalez-Paramo said yesterday monetary policy was accommodative,
indicating interest rates have room to rise from 4 percent.
Read more at Bloomberg Currencies News
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