Slovenian Finance Minister Franc Krizanic says “it’s not the volatility of the euro, it’s the volatility of the dollar that’s the problem and the relatively inflexible exchange rate in China (think he’s being polite.) This is probably a structural question.”
Asked if the dollar should be stronger Mr Krizanic opined “No, I don’t think it should be stronger. I think the renminbi should be convertible and balanced, not deeply depreciated as it is now.”
Way to go Franc, you tell em!!!! But what about the dollar against the euro?, dodged that one hey.
EUR/USD is coming under acclerated pressure once again, presently at 1.4535.
