Euro Advances to Record Against Dollar Before Bernanke Speaks on Inflation

(Bloomberg) -- The euro rose to a record against the
dollar before a speech by Federal Reserve Chairman Ben S.
Bernanke, who may reiterate concern on inflation.

The euro gained against the U.S. currency as the extra yield
investors earn on Treasuries over German bunds is near the lowest
in 2 1/2 years. Futures traders are betting the Fed will keep
interest rates at 5.25 percent this year, while the European
Central Bank is expected to lift rates at least once this year.


Read more at Bloomberg Currencies News