euro/usd

Euro is overvalued, IMF and euro zone ministers say
Dec 1 (Reuters) - The International Monetary Fund and finance ministers from the 16 countries using the euro believe the single currency is overvalued, the ministers' chairman said on Tuesday.
"We agreed with him when he said that the euro was overvalued and that some adjustment in that area would be desirable," the Eurogroup's chairman, Jean-Claude Juncker, told a news conference.

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