Dollar slips vs euro on ECB rate hike bets

Published by
Reuters UK

By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) – The dollar edged lower against the euro on Monday, as the common currency found support from European Central Bank officials’ comments signalling additional jumbo interest rate rises in Europe. The euro reached as high as $1.0927, to trade at its highest level since April last year, before paring gains to trade up 0.1 % at $1.0865. The euro’s early gains were aided by comments from European Central Bank (ECB) governing council members Klaas Knot and Peter Kazimir, who both advocated for two more 50 basis point hikes at meetings in Febr…

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