Wednesday, June 6, 2007

Euro Weakens Against Dollar, Yen After Trichet's Comments on Rate Outlook

(Bloomberg) -- The euro weakened against the dollar
and yen as some traders pared bets on interest rate increases
this year by the European Central Bank after comments by
President Jean-Claude Trichet.

The ECB today raised its benchmark borrowing cost to a six-
year high of 4 percent, as predicted by all 52 economists
Bloomberg surveyed.


Read more at Bloomberg Currencies News

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