Relax, the ECB Isn't Worried About a Stronger Euro

The accounts of the European Central Bank's (ECB) latest monetary policy meeting published on Thursday afternoon showed that Governing Council members discussed the euro's exchange rate. But investors counting on a depreciation of the single European currency could be disappointed.

Political uncertainty in the eurozone in the first half of the year that was due mainly to the Dutch and French elections has dissipated, allowing the euro to strengthen since May. After declaring that the financing conditions for households and businesses remained "very favorable" across the eurozone and patting themselves on the back because "sovereign and corporate bond spreads had been notably resilient to the repricing of the risk-free curve and had in fact tightened somewhat," the ECB officials also admitted this:...523 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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