ECB comments push euro to fresh high

The euro surpassed the $1.60 mark for the first time in its history after European Central Bank (ECB) officials said they would act to contain rising inflation.

Christian Noyer, the governor of the Banque de France and a member of the ECB's rate-setting Governing Council told RTL, a French radio station, on Tuesday that the ECB would "do what it takes" to make sure that inflation falls below 2%. He added that the central bank would move rates "if needed".

Yves Mersch, another member of the co

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