Currency rise wanted by EU chiefs

Jean-Claude Trichet, the president of the European Central Bank; Jean-Claude Juncker, the prime minister of Luxembourg; and Joaquin Almunia, the European commissioner for monetary affairs said on Monday that they wanted the renminbi, the dollar, and the yen to appreciate against the euro.

Eurozone officials believe the strength of the euro relative to the three currencies is hampering exports.

Rodrigo de Rato, the managing director of the International Monetary Fund (IMF) told the Financial

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