Dollar edges lower vs euro on ECB rate hike bets

Published by
Reuters UK

By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) – The dollar slipped against the euro on Monday, at one point hitting a fresh 9-month low, 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 0.05% at $1.08605. 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 5…

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