Euro Trades Near Three-Week High After ECB Raises Benchmark Interest Rate

(Bloomberg) -- The euro was little changed near a
three-week high against the dollar after the European Central
Bank lifted interest rates today as expected.

The single currency has rebounded this month from the lowest
in seven weeks against the dollar after a report showed economic
growth in Europe was faster than expected, outpacing the U.S. The
ECB raised its benchmark refinancing rate to 4 percent, the
highest in six years, to curb inflation.


Read more at Bloomberg Currencies News