The escalating euro continues to harm business, the chief financial officer of Royal DSM told CNBC on Friday, a day after the single currency took a beating on comments from European Central Bank chief Mario Draghi.
The euro has been on a broad upward trend since mid-2012, gaining almost 15 percent against the greenback. However, it tumbled over 1 percent from a 2-1/2 year high on Thursday after Draghi said its appreciation was a "cause for serious concern." He suggested the central bank could ease monetary policy further after its policy meeting next month.
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