Christine Lagarde: Euro Cannot Be Victim Of US/China FX Policies

The euro must not be the victim of exchange rate manipulations by China and the U.S., French Finance Minister Christine Lagarde said Sunday. The euro “is a solid currency,” Lagarde declared in a television interview, citing the growing interest of central banks to include it in their currency reserves. “But the euro must not become so solid and strong compared to the dollar, the yuan and the yen that it weighs too much on our competitiveness,” she stressed. – iMarketNews