The euro's strength has been in the spotlight recently, with the currency hitting a fresh three-week high of $1.3890 on Monday. Year to date, it has risen nearly 1 percent against the greenback, prompting backlash from several European officials.
Most recently, French Prime Minister Manuel Valls said on Saturday that the European currency was too strong. He suggested that European Central Bank (ECB) chief Mario Draghi should force its exchange rate lower.
The central bank is scheduled to meet this Thursday amid talk that it could unveil further monetary easing in response to the euro's appreciation.
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