We have always wanted a strong dollar and and it has appreciated so European exporters can only be pleased, The Frecnh Finance Minsiter says.
ECB’s Nowotny says that contagion risk has to be taken seriously ad says the Greek situation is different from Spain and Portugal. EUR exchange rates are currently not a matter of concern, Nowotny says. Nowotny decries the actions of hedge funds in the crisis and says they should try and take action against it.
EUR/USD trades at 1.3750.