European Central Bank Committee member Villeroy: Does not believe the world is currently in a currency war.

Regarding the issue of the current conflict in foreign exchange policies, Francois Villeroy de Galhau, a member of the executive committee of the European Central Bank, refuted this claim. When asked if the eurozone was entering a currency war, the French central bank governor told the regional newspaper group EBRA, "I don't think so." "Unfortunately, this is a threat caused by a trade war, but a currency war refers to countries actively using exchange rates to gain economic advantage - we have not reached that point yet," Villeroy said. "The current exchange rate trends are more a result of adjustments to economic outlook."