Strong euro 'could enter dangerous waters'

Luxembourg Prime Minister Jean-Claude Juncker, who is also the country’s finance minister, sounded unworried yesterday about the strength of the euro - which traded at $1.2820 yesterday – but said if it rises much higher “we could enter dangerous waters”.

Juncker, who leads the panel of 12 European Union finance ministers, said he “had some concerns” about the currency’s rise but did not think it had reached a dangerous level.