Euro appreciation reflects strength, says Stark

Jurgen Stark, an executive board member of the European Central Bank (ECB), says the euro's recent appreciation to a record high against the dollar reflects the strength of the region's economy.

Stark's comments come as the euro jumped to an all-time high of $1.3712 during late afternoon trading on 10 July, amid concerns over problems in the mortgage market and broader economy in the United States.

Stark argued that the euro's value remained within ranges experienced by the national currencies