U.S. markets closed
  • S&P 500

    3,298.46
    +51.87 (+1.60%)
     
  • Dow 30

    27,173.96
    +358.56 (+1.34%)
     
  • Nasdaq

    10,913.56
    +241.26 (+2.26%)
     
  • Russell 2000

    1,474.91
    +23.09 (+1.59%)
     
  • Crude Oil

    40.04
    -0.27 (-0.67%)
     
  • Gold

    1,864.30
    -12.60 (-0.67%)
     
  • Silver

    22.99
    -0.21 (-0.91%)
     
  • EUR/USD

    1.1639
    -0.0037 (-0.31%)
     
  • 10-Yr Bond

    0.6590
    -0.0070 (-1.05%)
     
  • GBP/USD

    1.2744
    -0.0007 (-0.06%)
     
  • USD/JPY

    105.5590
    +0.1570 (+0.15%)
     
  • BTC-USD

    10,732.29
    +35.30 (+0.33%)
     
  • CMC Crypto 200

    230.19
    +12.36 (+5.67%)
     
  • FTSE 100

    5,842.67
    +19.89 (+0.34%)
     
  • Nikkei 225

    23,204.62
    +116.82 (+0.51%)
     

ECB does not target the exchange rate, but it is an important variable - de Guindos

FILE PHOTO: European Union finance ministers meet for monthly talks in Brussels
FILE PHOTO: European Union finance ministers meet for monthly talks in Brussels

BERLIN (Reuters) - The European Central Bank does not target the euro exchange rate in its policy, but it is an important variable and the bank monitors it when assessing the effects on price stability, European Central Bank vie president Luis de Guindos said.

De Guindos was answering a question on the appreciation of the euro exchange rate at a press conference after of European Union finance ministers in Berlin.


(Reporting by Jan Strupczewski)