Don’t miss the latest developments in business and finance.

Euro rises to one-month high against the dollar

Is up 0.2% at $1.06999, after some ECB policymakers raised possibility of \interest rate hike

The European Central Bank presents the new 50 euro note at the bank's headquarters in Frankfurt, Germany. Photo: Reuters
The European Central Bank presents the new 50 euro note at the bank's headquarters in Frankfurt, Germany. Photo: Reuters
Reuters Tokyo
Last Updated : Mar 13 2017 | 9:57 AM IST

The euro on Monday firmed to its highest level against the dollar since early February, after some European Central Bank policymakers raised the possibility of hiking interest rates before bond purchases end.

The euro was up 0.2 per cent at $1.0699 , after rising as high as $1.0700, its highest level since Feb. 9.

Some members of the ECB's Governing Council discussed the possibility of higher interest rates at last week's policy meeting, but talk on the issue was brief and did not receive broad support, said two sources familiar with the discussion.

More From This Section

First Published: Mar 13 2017 | 9:17 AM IST

Next Story