Euro May Rise; Speculation German Business Confidence Will Rise
The euro may strengthen in Asia on speculation a report tomorrow will show rising business confidence in Germany, luring overseas investors to euro- dominated assets. Signs of an improving economy in Europe have curbed speculation the European Central Bank will cut interest rates. The euro last week had its biggest weekly loss against the dollar in more than two months as faster U.S. economic growth and inflation raised expectations the Federal Reserve will keep increasing interest rates into next year
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