Draghi to acknowledge euro gains at September decision

Bloomberg

Mario Draghi won’t miss the opportunity to mention the euro’s recent appreciation as he prepares to reconfigure the euro area’s stimulus settings, economists say.
The European Central Bank president will express concern about the currency’s strength, a Bloomberg survey shows. While he declined to address the exchange rate last month at his appearance in Jackson Hole, Wyoming, 67 percent of economists said he will do just that at Thursday’s press conference in Frankfurt.
The euro’s 13 percent surge against the dollar this year presents officials with a new challenge when they meet this week as the central bank struggles to understand why a buoyant economy has failed to generate sufficiently sustained inflation. With national central bank governors already talking at cross purposes about the currency’s gains, it will now fall on Draghi to take a stand. It traded at $1.1919 at 11.07 am Frankfurt time.