Euro up 1% against dollar ahead of likely ECB rate hike

The euro symbol stands outside the European Central Bank building in Frankfurt, Germany, February 26, 2022. (Photo: CFP)

The euro rose one percent against the dollar on Tuesday as investors looked ahead to a likely ECB interest rate hike later this week.

At 1410 GMT the euro was up 0.8 percent against the dollar at $0.9951, after having briefly increased by one percent to reach $0.9976.