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5 years ago
Euro pares losses after German government spokesman comments
February 6, 2013 / 1:11 PM / 5 years ago

Euro pares losses after German government spokesman comments

LONDON, Feb 6 (Reuters) - The euro pared losses briefly on Wednesday on comments by a German government spokesman that the euro was not overvalued and that it was up to financial markets to determine exchange rates.

The euro rose to $1.3535 from $1.3506 before the comments.

But it then retreated and last traded down 0.5 percent at $1.3513, remaining under pressure on wariness that European Central Bank chief Mario Draghi could express concerns about the euro's recent strength at a news conference on Thursday.

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