ECB concerned stronger euro could derail economic recovery

European Central Bank (ECB) governors are concerned that a further hike in the value of the euro, making exports less attractive and imports cheaper, could derail the economic region’s recovery. In minutes from their meeting on 19-20 July 2017, released on Thursday, they said there is a "risk of the exchange rate overshooting in the future". Some concerns were also voiced about "policy uncertainty in the United States".

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