ECB minutes reveal concerns over euro strength
Single currency has risen almost 6% over last three months, touching $1.1906 - highest since January 2015
The European Central Bank (ECB) has expressed concerns over the strength of the euro, the minutes of its July policy vote show.
While the ECB noted favourable financing conditions were providing significant support to the upturn in the euro area economy, and continued to be seen as necessary for inflation to rise towards its target of just below 2%, “concerns were expressed about a possible overshooting in the repricing by financial markets, notably the foreign exchange markets, in the future”
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