ECB's Smets: Euro strength "point of attention" for ECB - Reuters

Joshua Gibson FXStreet

More comments being reported by Reuters from the European Central Bank's council member and Belgian central bank governor Jan Smets following a brief talk earlier with Bloomberg reporters.

Key quotes:

"Foreign exchange rates are a point of attention. The volatility on the foreign exchange markets remains a point of attention"
"Only if, as we said last time after our monetary policy meeting in Frankfurt, this volatility becomes excessive, when certain levels are breached because of overshooting, because of a devaluation policy to increase competitiveness, can problems occur."
"A priori the (inflation) target is not aided by the appreciation of the euro,"

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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