Reuters exclusively reports ECB governors agreed to look through euro rise

Reuters exclusively reported that European Central Bank policymakers agreed on Thursday to look through the euro’s appreciation, judging it was broadly in line with economic fundamentals and fearing any hint of a “currency war” with the United States. ECB President Christine Lagarde said the exchange rate had been discussed extensively and would be carefully monitored – a statement that sent the euro rallying to $1.1916, as investors saw it as unexpectedly timid.