Trichet did not think the euro lower

According to the President of the European Central Bank, Trichet, the euro so far can not be considered low, since it is now much higher than the level a decade ago, when the currency was introduced into circulation. "When we introduced the euro, the rate was 1.17. He is now kept in the vicinity of 1.31. Thus, the statement that the current exchange rate of the euro is undervalued disconnected from reality."