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The US targeting of interest rates is in contravention of 'something that goes back many many years ago', the ECB chief said (Photo: ECB/Flickr)

Draghi opens fire at US dollar policy

European Central Bank (ECB) chief Mario Draghi warned on Thursday (25 January) that US support for a weaker dollar was fuelling market instability.

"The recent volatility in the exchange rate represents a source of uncertainty which requires monitoring with regard to its possible implications for the medium-term outlook for price stability," Mario Draghi said at the ECB's monthly press conference in Frankfurt.

He noted that volatility was partly due to the "unquestionable" improve...

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The US targeting of interest rates is in contravention of 'something that goes back many many years ago', the ECB chief said (Photo: ECB/Flickr)

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