Nagel from the ECB downplays fears over strong euro

ECB’s Joachim Nagel sought to ease fears that the Euro’s rise is hurting Europe’s exporters, saying a focus on the US dollar alone overstates any hit to competitiveness. Nagel, who heads Germany’s Bundesbank, said Monday that currency moves should be judged against a broad set of trading partners. He noted that while the euro has […] source: https://www.cryptopolitan.com/nagel-ecb-downplays-fears-strong-euro/