Bloomberg News

Euro Gains Versus Dollar on Interest-Rate Outlook for Europe

June 01, 2011

June 2 (Bloomberg) -- The euro gained versus the dollar and the yen on speculation the region’s interest rates will be raised earlier.

The common currency rose to $1.4360 as of 10:11 a.m. in Tokyo from $1.4328 yesterday in New York. The euro strengthened to 116.61 yen from 116.

To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net


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