The euro returned to well above 1 dollar today after the strongest appreciation in five months. The single currency has been on the rise since the European Central Bank (ECB) rate hike last Thursday. Currency traders also reacted to statements by Joachim Nagel, president of the Bundesbank and board member of the ECB, that interest rates in the eurozone must increase further to combat high inflation.
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Euro again well above 1 dollar after strongest increase in months
