Tuesday, April 17, 2007

Euro Trades Close to 2-Year High Against Dollar after ZEW Sentiment Report

(Bloomberg) -- The euro traded close to a two-year high against the dollar after a report from the ZEW Center for European Economic Research showed German investor sentiment rose by the most since June.

The European common currency rose to a record against the yen yesterday after Group of Seven policy makers omitted to mention the yen and European officials said exchange rates aren't holding back their economies. The pound rose just above $2 today, the highest since September 1992, after U.K. inflation reached a record in March, fuelling speculation of higher interest rates.


Read more at Bloomberg Currencies News

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