Euro Rises on presumptions that Trichet won’t lower rates |
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The euro rose against the dollar on speculation that the region's interest-rate advantage over the U.S. will draw investors after a European Central Bank official signaled a cut in borrowing costs is unlikely. The euro approached a record high against the British pound after ECB council member Axel Weber said yesterday that rates may have to rise as the economy recovers. ``The euro is getting a boost from these hawkish comments from the ECB,'' said Hiroshi Yoshida, foreign-exchange trader in
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