The euro
rose against the yen on speculation the European Central Bank will
signal today it's more concerned about accelerating inflation than
slowing economic growth.
The common currency also gained versus the pound after ECB policy
makers left the key interest rate at a six-year high of 4 percent
The euro rose against the yen on speculation the European Central Bank
will signal today it's more concerned about accelerating inflation than
slowing economic growth.
The common currency also gained versus the pound after ECB policy
makers left the key interest rate at a six-year high of 4 percent
EUR/USD printed lows at $1.5360 before rate rebounded to $1.5410.
GBP/USD is under pressure, sliding to $1.9460. Later rate rose back to $1.9510.
USD/JPY increased from Y105.20 to Y106.40.
Apart the BOE and ECB rate decisions, the focus will be on ECB’s head Trichet speech at 12:30 GMT.