The ECB's Ewald Nowotny has moved to downplay fears about the strength of the euro after Eurogroup Chairman Jean-Claude Juncker said last night that the currency "is dangerously high." The exchange rate isn't a matter of major concern, said Nowotny, while he doesn't expect a longer-term increase in the currency against the dollar. The euro fell against the greenback following Juncker's comments but recovered to +0.1% midday in Europe.
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