Bloomberg (28/11)
-- The euro rose to a four-year high against the yen as annual
inflation in Germany accelerated in November more than economists
forecast, damping bets the European Central Bank will further loosen
monetary policy.
 The
shared currency climbed for a third day against the dollar as separate
reports showed consumer-price growth in the German states of Saxony and
North Rhine-Westphalia increased for the first time in five months. The
ECB cut its benchmark interest rate this month after inflation in the
currency bloc slowed to a four-year low in October. The pound rose for a
third day versus the dollar as Bank of England Governor Mark Carney
said the central bank will end incentives for mortgage lending.
The
euro climbed 0.3 percent to 139.08 yen at 2:52 p.m. in Toronto after
advancing to 139.18, the highest since June 2009. The shared currency
added 0.2 percent to $1.3603. The dollar rose 0.1 percent to 102.24 yen
after touching 102.37, the strongest level since May 29.
U.S. financial markets are shut today for a public holiday.
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