The euro exchange rate is close to an "equilibrium" value, and its decline against the dollar...

|By:, SA News Editor

The euro exchange rate is close to an "equilibrium" value, and its decline against the dollar may help Europe’s exports, the IMF’s John Lipsky says. "The current level of the euro does not appear to pose problems... It’s perhaps easy to forget the euro, when it was created, debuted at a value of $1.17."