FOREX-Hike bets hoist euro and bolster U.S. dollar
German inflation running at its highest in nearly 50 years and a growing chorus of European Central Bank officials calling for big rate hikes has markets pricing a better-than-even chance of a 75 basis point rate hike next week.The euro rose 0.16% to $1.0003 in early Asia trade, which if sustained would make for a third session of gains in a row.
