(Bloomberg) -- The euro rose to within a half-cent of the record against the dollar before a report that's expected to show German business confidence rose for a second month in April, further underpinning expectations of higher interest rates.
The single currency has gained 2.1 percent against the dollar this month as traders raised bets on the European Central Bank increasing its key rate to 4.25 percent this year. ECB council member Miguel Fernandez Ordonez yesterday said the bank's monetary policy is ``still on the accommodative side.''
Read more at Bloomberg Currencies News
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