LONDON, March 22 The euro rose on Tuesday to its
highest against the dollar this year, as the U.S. currency's low
-yielding status dragged it to a 15-month low against a basket
The euro traded as high as $1.4249 EUR=, its highest in
four and a half months, and the dollar index fell to a 15-month
low of 75.302 .DXY.
Sterling rose to a 14-month high of $1.6353 GBP= as
traders bet on another upside surpse from UK inflation data out
Traders are betting that the U.S. Federal Reserve will lag
behind other major central banks in raising inetrest rates,
putting the dollar under broad selling pressure.