ECB official unconcerned with euro's strength

Otmar Issing, chief economist of the European Central Bank, said in an interview that the current level of the euro "corresponds to its long-term average". "It is essentially back where it started," he said.

Source: AFP

European Central Bank chief economist Otmar Issing expressed little concern about the euro's rise against the dollar, saying the European currency was still trading in line with its long-term average.

"The current level of the exchange rate corresponds to its long-term average,"

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