Euro Raises on ECB Interest Rate Expectations
European Central Bank is expected to raise rates 25 basis points on Thursday.On monday European stocks posted small gains,this expected increase in rates had boosted single currency against the dollar.By 0800 GMT, the Stoxx Europe 600 index was up 0.1% at 280.34. London’s FTSE 100 gained 0.2% to 6019.97, Frankfurt’s DAX was up 0.2% at 7191.22 and Paris’s CAC-40 was flat at 4054.89.Euro’s gains had settled a touch and the currency was fetching $1.4221, from $1.4233 late Friday in New York, and Y119.58 against the yen, from Y119.51.