GO EU GO !! - Euro rises to new two-year high against US dollar
Euro rises to new two-year high against US dollar
The euro has risen on Tuesday to a record against the Japanese yen and a two-year high against the US dollar as further signals of robust eurozone economic growth reaffirmed expectations of a rise in the key European Central Bank rate to 4% in June, if not earlier. The euro surged as the ECB Governing Council is due to meet this week, on Thursday. The key rate may well be raised from 3.75% this week as futures trading signalled increased expectation of higher rates after economic data published today showed that German exports rose for the first time in four months in February and French industrial production was stronger than expected.
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