Euro jumps 1% against dollar awaiting ECB rate hike

London: The euro jumped more than one percent against the dollar Tuesday, as traders mull whether the European Central Bank could hike interest rates by more than expected to fight runaway inflation.

The European single currency, which last week dropped to parity against the US unit, rallied 1.1 percent to $1.0253 ahead of an ECB meeting scheduled for Thursday.

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