Draghi Takes Aim at Euro Seen Too Strong for Comfort: Currencies
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European Central Bank President Mario Draghi is taking aim at the euro.
In his strongest words yet on the currency’s advance to its highest level since 2011, Draghi said yesterday in Vienna that the exchange rate is “increasingly relevant in our assessment of price stability.” He suggested his eight-month-old policy of hinting at future interest rates may address the appreciation that may be holding back growth.