ECB won't cut rate just to weaken Euro, says ECB's Weidmann

FXstreet.com (Barcelona) - ECB's board member Mr. Weidmann is crossing the wires saying, among other things, that the ECB will stay away from cutting rates just to weaken the Euro, refuting speculation that the ECB may manipulate Euro rate to its own interest, so that Europe can gain more competitiveness on its exports. EUR/USD is at its session high at 1.3390.

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