News Headline Summary

ECB's Draghi says Spain is on the right track

Says:
- Euro gains signs of return of confidence.
- Exchange rates should reflect fundamentals.
- Euro rate is around long term average.
- Aware exchange rates important for growth and inflation.
- Monetary policy remains accommodative.
- Comments on Euro are inappropriate and fruitless.
- ECB's mandate is not the exchange rate.

13 Feb 2013 - 01:57 - Fixed Income Bank Speaker - Source: Newswires

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