Draghi Talks Ireland, Italy and the Euro
The European Central Bank President will monitor the economic impact of a strengthening euro, ECB President Mario Draghi said on Thursday (February 7). After the ECB left its main interest rate 0.75 percent, Draghi said the exchange rate was near to its long-term average but went further than many analysts had expected. He described the appreciation as a return of confidence, and he said the exchange rate is not a policy target. The euro hit a 15-month peak of $1.3711 on February 1.
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