(Bloomberg) -- The euro's gains against the dollar
may stall around $1.3850 because of selling to protect options
that would become worthless should the currency rise further,
according to Bank of Tokyo-Mitsubishi UFJ Ltd.
The single European currency yesterday rose to a record high
of $1.3833 after Federal Reserve Chairman Ben S. Bernanke told
U.S. lawmakers the housing market may weigh on economic growth
and inflation may slow.
Read more at Bloomberg Currencies News
may stall around $1.3850 because of selling to protect options
that would become worthless should the currency rise further,
according to Bank of Tokyo-Mitsubishi UFJ Ltd.
The single European currency yesterday rose to a record high
of $1.3833 after Federal Reserve Chairman Ben S. Bernanke told
U.S. lawmakers the housing market may weigh on economic growth
and inflation may slow.
Read more at Bloomberg Currencies News
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