Euro falls after ECB minutes show concern at strength

Financial Times, Aug 17, 2017
by Claire Jones

The euro has fallen to its lowest level of the month after the European Central Bank’s policymakers expressed concern about the currency’s recent strength, according to the minutes of its latest interest rate-setting meeting.

The single currency, which had hit a two-and-a-half year high against the dollar in recent months, was down as much as 0.8 per cent on Thursday to below $1.17 after the concerns were revealed. It had risen almost 5 per cent against a basket of currencies since the middle of May.

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