On Friday, the first signs of concern about the strength of a single currency among European officials. The head of the Austrian central bank noted that the strong euro does not help restore the euro zone, while Yunker (chairman of finance ministers of the euro) has also expressed dissatisfaction with the current level of the euro. The impact of such comments on the euro is extremely small, not least because the policy is aimed in another direction, and members of the board of management is still discussing an exit strategy from the current policy early next year (due to the unlimited provision of liquidity, rather than rates). All this combined with the knowledge of further quantitative easing in the U.S. still holds the euro in the ranks of the most resistant to the growth rates against the backdrop of a weakening dollar.
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