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If the euro appreciates against the dollar, this will strengthen the case for lower interest rates, because it would reduce inflation and squeeze exports.
When the euro appreciates against the yen, stocks tend to do well.
On the other hand, EUR/USD in spot forex is quoted in the same manner as euro futures, so if the euro appreciates in value, euro futures will rise as the EUR/USD goes up.
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The euro appreciated 0.09 percent to $1.2298.
And he has blamed the bank both for failing to cut interest rates and for negligently letting the euro appreciate.
Volkswagen, Europe's largest carmaker, said its second-quarter profit fell 49percentt because the euro appreciated while sales fell as customers waited for the new model of the Golf, the company's most popular model.
Starting in 2002 though the euro appreciated considerably, a trend that was to last until the onset of the Great Recession.
Over the period, the dollar appreciated 34percentt against the Euro, appreciated 5percentt against the Japanese yen, and depreciated only 6percentt against the Chinese Yuan.
I asked the head of a German car manufacturer and exporter how his company would fare if the Euro appreciated 30percentt.
Note that the euro appreciated from about 85 to 160 to the dollar during its first decade before backing off to under 120 due to portfolio shifting from blind fear of oblivion.
Since the ECB holds currencies to offset liabilities in euros, it would also run a foreign exchange risk if the euro appreciated substantially against the reserve currencies it is holding.
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CEO of Professional Science Editing for Scientists @ prosciediting.com