Welteke - cannot say yet if euro turned around

- Central Banking staff
- 07 Dec 2000

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Bundesbank President Ernst Welteke on Thursday said he could not tell whether the euro has already turned the corner, adding that the currency's further performance depended on US economic growth.

Welteke, speaking at the German central bank's annual year-end news conference, also said that the European Central Bank governing council agreed that interventions on behalf of the single currency were successful. "I cannot tell if we already have a change in euro (exchange rate) trend, this will

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