11 May 2001, 20:32 Eichel says euro's upside potential must be seen 'more realistically'
FRANKFURT (AFX) - Finance Minister Hans Eichel said it is
neccessary to be more realistic about the euro's upside potential
against the dollar.
Speaking in an interview with Saturday's Sueddeutsche Zeitung
released this evening, Eichel said the current euro/dollar exchange
rate is better than its reputation would suggest.
The euro has fallen sharply over the last 36 hours after the
European Central Bank's decision to cut interest rates yesterday took
markets by surprise.
"The exchange rate to the dollar is better than its reputation. I
think it is more important to be more realistic about the upside
potential of the euro", Eichel said.
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