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ECB Minutes Highlight Currency Manipulation Concerns
The minutes from the European Central Bank’s latest monetary policy meeting reveal anxieties about nations manipulating their currencies for competitive gain. According to the ECB minutes, which were released today, “A number of remarks were made about recent exchange rate developments.” It was noted in the minutes that while the euro exchange rate is not a target of ECB policy, movements in the exchange rate are deemed important insofar as they can affect the outlook for growth and inflation in the euro area.

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