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Euro Exchange Rate: Nowotny Contradicts to Juncker

Published: January 16, 2013; 21:09 · (Vindobona)

According to Eurogroup-chief Jean-Claude Juncker, the exchange rate of the euro is “dangerously high”. Nowotny disagrees with Juncker.

Euro Exchange Rate: Nowotny Contradicts to Juncker / Picture: © European Commission

Juncker fears that the euro is over-valuated. “The exchange rate of the euro is dangerously high.” he said. Since the beginning of the year, the euro only was up by 0.6% against the dollar. OeNB´s governor Ewald Nowotny does not think that the current exchange rate is concerning. “I do not see a long-term upward trend.” he said. Nowotny said that the euro is “more or less…

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