In an interview published in the Austrian newspaper, Oberoesterreichische Nachrichten, on Monday, European Central Bank (ECB) Governing Council member Martin Kocher said that “at the moment, I would not yet describe the exchange rate as a risk” when asked about the Euro-US Dollar rate.
There had recently been a “constant” appreciation of the Euro and “if the current trend continues, it could become problematic for export-oriented industry at some point,” Kocher noted further.
