Since Thursday morning, the euro has risen by about one cent. Recently, the currency benefited from a general weakness in the dollar following disappointing US economic results. On Thursday, it was also announced that the US economy contracted more than forecast over the winter.
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In addition, the euro was given a boost this week by the prospect of a rate hike by the European Central Bank. After long reluctance, ECB President Christine Lagarde said that an interest rate reversal is possible in July.
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