(Bloomberg) -- The euro ended two days of losses against the dollar on speculation European Central Bank President Jean-Claude Trichet will keep the benchmark interest rate at a 5 1/2-year high and signal an increase next month.
The ECB will hold its refinancing rate at 3.75 percent at a meeting today, according to all 45 economists surveyed by Bloomberg News. The Federal Reserve kept the U.S. target rate for overnight lending between banks at 5.25 percent yesterday. The euro has risen 2.5 percent this year as the rate differential between the two economies narrowed.
Read more at Bloomberg Currencies News
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