Euro finance chiefs talk-up currency
MARKET NEWS
BRUSSELS -- Eurozone finance ministers last week issued a statement giving their endorsement to the euro’s recent rise.
"Ministers, the vice-president of the ECB (European Central Bank) and the [EU] commissioner welcomed the strengthening of the euro," said the statement, which was issued last Friday (July 12). "They shared the view that a strong euro is in the interest of the euro area."
This was in stark contrast to earlier comments when the euro fell from its $1.17 price upon launch at the
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