Euro rises to 15-month high versus weak dollar

LONDON, April 8 (Reuters) – The euro rose to a 15-month high
versus the dollar on Friday, with the single currency buoyed by
expectations for further euro zone rate rises and as the
greenback was pressured by looming budget deadlock in the U.S.

The euro (EUR=: Quote, Profile, Research) rose to $1.4407, its highest since Jan.
2010, while the dollar index (.DXY: Quote, Profile, Research) skidded to lows not seen
since December 2009.

The European Central Bank raised interest rates on Thursday
and didn’t rule out the possibility of further monetary
tightening, while the prospect of a U.S. government shutdown
loomed if no agreement on its budget is reached soon.

Euro rises to 15-month high versus weak dollar