Strong growth of the euro against the US dollar on Wednesday

The single currency rose above 1.10 against the dollar for the first time in a month as investors prepare for a possible increase in interest rates in the US, according to surveys already has nearly a 90% chance to occur.
The currency pair EUR/USD climbed to 1.1023, increasing 1.23% for the day. The daily range was between 1.0879 and 1.1042. Last week the euro has climbed up by over 5% against the US dollar. The single currency rose against the Australian dollar and the Swiss franc and 1.5246 respectively and 1.0837.