Thursday, April 12, 2007

Euro extends gains on ECB rate view, G7 in focus

(Reuters) - The euro hit a two-year high against the dollar on Friday on expectations that euro zone interest rates will soon rise, while investors awaited a meeting of Group of Seven finance officials later in the day.

The single currency poked up to a record high against the yen, and traders expected G7 officials would not single out yen weakness at the gathering in Washington. In that case, the low-yielding yen could come under even more pressure.


Read more at Reuters Africa

No comments: