European Central Bank Governing Council member Ewald Nowotny said the current exchange rate of the euro against the dollar is not a concern for him and he doesn’t expect the currency to keep appreciating in the longer term.
“One shouldn’t overvalue short-term fluctuations of exchange rates,” Nowotny told journalists on the sidelines of a Euromoney conference in Vienna today. “I don’t see a perspective of a longer-term trend, therefore it is from my point of view not a matter of major concern.”
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