Euro Rises on Speculation Interest Rate Advantage Will Widen
The euro rose against the dollar and yen on speculation the European Central Bank's focus on curbing inflation will widen the region's interest-rate advantage.
The euro gained to $1.5776 at 9:24 a.m. in Tokyo from $1.5711 late yesterday. The 15-nation currency climbed to 161.50 yen from 160.88 yen. The dollar traded at 102.25 yen compared with 102.40 yen.
4/7/2008 6:39:00 PM