Mon, 19 Aug 2013 12:54:12 GMT
Euro jumps after Bundesbank say's a rate hike is an option
The 17-nation currency appreciated versus the U.S. Dollar and other counterparts, as the German central bank announced it may base its interest-rate plan on an inflation prospects, signaling the rate hike is possible if inflation overshoots expectations. The Euro jumped 0.23% to $1.3357 versus the greenback and rose 0.14% to 0.8536 versus the Sterling, and rallied 0.80% to 130.95 against