4:31 AM The euro is -0.2% at $1.3275 after Eurogroup Chairman Jean-Claude Juncker said last night that the currency "is dangerously high." The euro traded above $1.34 this week for the first time since February 2012, boosted by increasing confidence that the eurozone has averted catastrophe. With Japan, Australia, Switzerland, the U.K. and Canada also bemoaning the strength of their currencies, something's got to give.
6:30 AM The ECB's Ewald Nowotny moves to calm things down following Jean-Claude Juncker's comments that the euro "is dangerously high." The exchange rate isn’t a matter of major concern, says Nowotny, while he doesn’t expect a longer-term increase in the currency against the dollar. Euro now -0.15% at $1.3278.
6:30 AM The ECB's Ewald Nowotny moves to calm things down following Jean-Claude Juncker's comments that the euro "is dangerously high." The exchange rate isn’t a matter of major concern, says Nowotny, while he doesn’t expect a longer-term increase in the currency against the dollar. Euro now -0.15% at $1.3278.