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Euro appreciation thanks to good COVID-19 response- Eurogroup head

FILE PHOTO: 50 and 20 Euro banknotes are displayed in this picture illustration
FILE PHOTO: 50 and 20 Euro banknotes are displayed in this picture illustration

BRUSSELS (Reuters) - The appreciation of the euro against a basket of currencies since the start of the COVID-19 pandemic is to some extent thanks to the euro zone's strong response to the economic slump caused by the virus, the chairman of euro zone ministers said.

Paschal Donohoe told a news conference after a meeting of finance ministers of the 19 countries sharing the euro, that they would continue to monitor the exchange rate carefully.

(Reporting by Jan Strupczewski)