Home Business Euro rises to one-month high against the dollar

Euro rises to one-month high against the dollar

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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 percent 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.

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