Euro Boosted by ECB Rate Hike Bets, Macron’s Debate

Euro Boosted by ECB Rate Hike Bets, Macron’s Debate
A Euro banknote is displayed on U.S. Dollar banknotes in this illustration taken, on Feb. 14, 2022. Dado Ruvic/Illustration/Reuters
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LONDON—A series of hawkish comments amplified bets that the European Central Bank would soon hike interest rates, lifting the euro to a one-week high on Thursday amid expectations French President Emmanuel Macron would win his reelection bid on Sunday.

Joachim Nagel, president of Germany’s Bundesbank, joined fellow policymakers in saying the ECB could raise interest rates at the start of the third quarter.