Euro declines against dollar on concern rate increases may damage periphery
Azerbaijan, Baku, April 4 / Trend /
The euro fell against the majority of its most-traded peers on concern interest-rate increases by the European Central Bank will widen the divide between the region's weakest and strongest economies, Bloomberg reported.
The single European currency snapped a four-day advance against the dollar and a five-day gain versus the yen. The ECB will raise its benchmark interest rate to 1.25 percent on April 7, from a record-low 1 percent, according to all 57 economists in a Bloomberg News survey.
The euro fell 0.1 percent to $1.4219 and 119.53 yen, as of 8:14 a.m. in London. The yen was little changed at 84.05 per dollar.