Euro Trades Near Three-Week High as Trichet May Signal Rate Increase Plans

(Bloomberg) -- The euro traded near a three-week
high against the dollar on speculation European Central Bank
President Jean-Claude Trichet will raise interest rates at a
meeting today and signal further increases.

The currency may reach a record high against the yen as the
ECB has expressed concern companies will raise prices during the
strongest period of economic growth this decade. The euro has
gained almost 13 percent versus the yen in the past year as the
interest-rate gap between Europe and Japan widened.


Read more at Bloomberg Currencies News