Euro strength reflects dollar weakness, possibly politically driven, says ECB's Kocher

Investing.com -- The euro's current strength against the dollar primarily stems from weakness in the U.S. currency that may be intentional from Washington's perspective, European Central Bank policymaker Martin Kocher said on Friday.

"We do not currently see a strength of the euro, because growth in Europe is too weak for that. We see a weakness of the dollar, partially desired, possibly, politically desired," Kocher told reporters.

Kocher added that Europe is now viewed as more of a safe haven than it was one or two years ago, contributing to the currency dynamics.

You May Also Be Interested In

• TotalEnergies to invest in Abu Dhabi pipeline expansion
• Regenxbio (RGNX) to Resume Trading at 7:25 am ET
• Aurora Cannabis disputes Curaleaf's hostile takeover bid claims