Some days ago, Lorenzo Bini Smaghi, European Central Bank Governing Council member (ECB), said that "exchange rates are likely to exceed". He added that "public intervention as statements or direct intervention in the currency market, then it could be justified." This opens the door for the European Central Bank to intervene in the forex market-which it does not since 2000 -. The foreign exchange market almost immediately acknowledged. The possible maneuver aimed at curbing rising euro and thus help to promote exports of the block, turned red with the European currency against other major currencies. However, this may not be necessary market intervention. Only those statements, together with others in which the ECB added that

economic activity will not return to levels prior to the crisis but to a lower level when markets stabilize, are having an effect on the value of the euro. In fact, according to several experts, the outlook is uncertain for the euro-dollar exchange, the most used.