Wednesday, June 6, 2007

Euro falls as ECB sticks with 2008 inflation call

(Reuters) - The euro slipped against the dollar on Wednesday after the European Central Bank gave no clear signs that it would continue raising interest rates beyond 2007.

The ECB lifted euro-zone rates to 4 percent, but the hike had been well telegraphed and failed to boost the euro, which has been trending higher along with European interest rates over the last year.


Read more at Reuters Africa

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