ECB's Issing says euro rise has 'gone too far'

European Central Bank chief economist Otmar Issing said in a speech the dollar's adjustment against the euro has gone too far and it now needs to adjust against Asian currencies, particularly the Chinese yuan.

"On the question of foreign exchange rates, the adjustment at the European level is complete and has also gone too far. The key to solving this...is in Asia and principally China," said Issing in a speech at a Swiss National Bank conference.

He said that finding a solution to the US current

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.