[Deborah Marchini, Cnn Anchor:] We're watching the currency markets, and we see the euro strengthening a bit today, up more than half a cent against the U.S. currency, 86 cents. That comes despite some comments from the head of the European Central Bank, saying he wasn't too worried about the euro's decline recently. Will Lewis is news editor at the "Financial Times" and joins me now, from London, with some fallout from those remarks Will.
[Will Lewis, News Editor, "financial Times":] Hi, how are you doing? Yes, it's confusion rains once again in the currency market, and it's our old friend Willem Duisenberg, president of the European Central Bank, that is the cause. Monday saw Sir Edward George of the UK's Bank of England to indicate that, like many of us, he feels that the dollar's strength is having some perverse effects on the global economy. Currency traders took heart from this. The euro bounced a bit Tuesday morning. But then wait for it, here comes our friend Willem, who is consistently inconsistent. When asked if he agreed with Sir Edward George Markets assuming he was talking on behalf of policy makers He said no. In addition, he had added further confusion by saying that the euro is not very weak, it's very stable.
[Marchini:] All right, I want to thank you, Will Lewis. It's a never-ending saga. Thank you. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com