The euro advanced versus 14 of 16 most traded currencies, including the US dollar, today as euro bulls hope that the European Central Bank will increase its interest rates tomorrow.
The euro surged at the beginning of the trading session, but fell by 8:00 GMT. Yet currently the shared European currency is steadily pushing higher. The EUR/USD currency pair reached earlier this weak 1.4901, the highest level since December 2009. The ECB will announce its decision regarding the interest rates tomorrow.
EUR/USD advanced from 1.4823 to 1.4868 today as of 8:50 GMT after earlier it fell to 1.4774.
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