ECB's Nowotny Sees No Need to Overdramatize Euro Appreciation
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The appreciation in the euro-area’s single currency is no big reason for concern, according to European Central Bank Governing Council member Ewald Nowotny.
“Since the introduction of the euro, there were significant movements of the euro-dollar rate. We’re now roughly where we were when the euro was introduced,” he said Friday in Alpbach, Austria. “Therefore, I wouldn’t over-interpret or dramatize.”