Search begins for new ECB president
MARKET NEWS
FRANKFURT -- European Central Bank president Wim Duisenberg’s announcement of his intention to retire on July 9, 2003, gave the euro a modest boost last Thursday. But analysts said there are still more minefields for the currency to negotiate as a question mark hangs over his potential replacement.
"The weakness of the euro and of the ECB was personified in Duisenberg, somewhat unfairly. So any indication that there could be change should be positive," said Stuart Bennett, senior economist
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