France's Noyer reassures over 'very stable' euro

Bank of France governor Christian Noyer played down the rise of the euro on Wednesday 25 February, saying the rate was "very stable" and that the exchange rate was not far from the launch rate of the euro in 1999.

Noyer said that the exchange rate of the euro against the currencies of other major trading partners for the eurozone, such as Britain, Switzerland, Japan and Australia was "very stable".

Speaking on French RTL radio Noyer said that the current euro/dollar exchange rate "is not so far