The European currency hits a new high of 14 months

Wednesday, 6 April 2011 03:28

The Euro continues to appreciate making a new 14-month high against the American currency, boosting it to 1.4315.  Analysts remain positive believing the currency could peak even higher at 1.4320 and 1.4356.

The European Central Bank's decision on the interest rates shall be released tomorrow, thursday.  A raise in interest rate is being expected in tomorrow's announcement, being the first intereset raise since summer 2008.