(Bloomberg) -- The euro climbed to a two-year high against the dollar and a record versus the yen on speculation European Central Bank President Jean-Claude Trichet will today say higher interest rates may be needed to curb inflation.
Europe's 13-nation single currency has risen 2.2 percent against the dollar and 5 percent versus the yen since the ECB last raised rates on March 8 as traders bet the fastest economic growth in six years will lead to higher borrowing costs. Anton Boerner, head of Germany's exporter and wholesaler association representing 135,000 companies, said there isn't ``any reason to worry'' about the gains in the euro.
Read more at Bloomberg Currencies News
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