As euro soars ECB must be ready to cut - Rogoff

The euro could strengthen to $1.40 or beyond and the European Central Bank must be prepared to cut interest rates in response, former IMF chief economist Kenneth Rogoff was quoted as saying.

"An exchange rate of $1.40 can be easily imagined; $1.50 or $1.60 are possible," he told Germany's WirtschaftsWoche business magazine.

Rogoff said the single currency's future strength would depend on whether the ECB and U.S. Federal Reserve were prepared to make an "aggressive response".

However, he added

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