Forex – Euro hits highs against dollar, pound as rate outlooks diverge – Forbes- About: Forex News

Forex – Euro hits highs against dollar, pound as rate outlooks diverge – Forbes. LONDON (Thomson Financial) – The euro continued to hit a series of fresh all-time highs against the dollar and climbed to a 16-week high against the pound as investors bet that the European Central Bank could still raise interest rates. Yesterday European Central Bank president Jean-Claude Trichet told the European Parliament that euro zone monetary policy is still on the ‘accommodative side’ – boosting expectations that interest rates could still go up despite the turmoil in the credit markets. PK – news – people ). PK – news – people ) said he does not expect the shake-up to affect near-term monetary policy. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

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