Euro Trades Near Record High Against Yen on Outlook for ECB Rate Increases

(Bloomberg) -- The euro traded near a record high
against the yen on speculation the European Central Bank will
raise interest rates this year to stem inflation.

The 13-nation currency rose from a seven-week low against
the dollar yesterday after Financial Times Deutschland said the
ECB will lift forecasts for inflation and economic growth. The
ECB will lift its benchmark rate tomorrow to 4 percent from 3.75
percent, according to all 52 economists surveyed by Bloomberg
News.


Read more at Bloomberg Currencies News