(Bloomberg) -- The European Central Bank is unlikely to intervene to curb the euro's strength until the 13-nation currency rises to $1.50, according to Merrill Lynch & Co.
The euro has gained 2.7 percent against the dollar this year and reached an all-time high of $1.3681 last month. The region's fastest growth in six years has pushed the ECB to raise borrowing costs seven times since November 2005 to contain inflation. Dutch Finance Minister Wouter Bos on May 8 said he wasn't concerned by the euro's advance.
Read more at Bloomberg Currencies News
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