12 Feb 2013

Euro rising

10:04 am on 12 February 2013

The euro jumped against the British pound and the Japanese yen on Monday before a meeting of eurozone finance ministers in Brussels.

France is worried that the rising currency is making French goods less competitive.

"We will have a debate about exchange rates," said Finance Minister Pierre Moscovici when he arrived for the meetings. ''Exchange rates should not be subject to moods or speculation."

The BBC reports the euro has risen by 6% against a basket of other currencies in the past six months.

On Monday, the currency rose 1.1% against the yen to 125.30. Against the pound, it climbed 1% to 85.41p. It climbed slightly against the dollar to $US1.3387.