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ECB's Lane Urges Attention to Euro Swings in Final QE Lap
The European Central Bank must keep its guard up against the risk of a sudden appreciation in the euro, according to Governing Council member Philip Lane. “There’s no concern about the current level,” Lane, who heads Ireland’s central bank, said in an interview in Dublin. “But if it moves a lot within a short time interval then you have to think about the implications.” The ECB has stepped up warnings against exchange-rate volatility in recent months as policy makers prepare the ground for ending their bond-buying program. The euro has gained almost 16 percent versus the dollar over the past year and ... (full story)