FRANKFURT (AFX) - Finance Minister Hans Eichel said it is neccessary to be more realistic about the euro's upside potential against the dollar.
Speaking in an interview with Saturday's Sueddeutsche Zeitung released this evening, Eichel said the current euro/dollar exchange rate is better than its reputation would suggest.
The euro has fallen sharply over the last 36 hours after the European Central Bank's decision to cut interest rates yesterday took markets by surprise.
"The exchange rate to the dollar is better than its reputation. I think it is more important to be more realistic about the upside potential of the euro", Eichel said.