ECB's Noyer says euro's strength is "curious"
PARIS Feb 12 (Reuters) - The euro's strength against the dollar is "curious" given that the economic recovery in the euro zone is not as advanced as that in the United States, European Central Bank governing council member Christian Noyer said on Wednesday.
"We are in a situation that is a bit curious and all of the economists have been predicting for months that it will change," he said on BFM Business radio.
"Insofar as we are lagging the United States in the economic cycle, all the economists say that it's logic for the dollar to tend to appreciate and the euro to depreciate a bit," he added. (Reporting by Leigh Thomas and Jean-Baptiste Vey)
- Islamic State executes soldiers, takes hostages at Syria base: social media
- WHO shuts Sierra Leone lab after worker infected with Ebola
- Talks optimism fades as Ukraine says Russia makes new incursion |
- Gaza truce holding but Israel's Netanyahu under fire at home |
- 'Men in green' raise suspicions of east Ukrainian villagers