FRANKFURT - (Dow Jones)- All euro-zone institutions should speak with one voice on exchange rate issues, also the area's representatives at the International Monetary Fund, Lorenzo Bini Smaghi, a member of the European Central Bank's Executive Board, said Monday."This holds in particular for the IMF, which since 2007 has been enhancing its surveillance of exchange rate policies," Bini Smaghi said, according to the text of his speech.
It is my conviction that a unified representation of the euro area countries at the IMF would strengthen the exchange rate policy of the euro," he said, speaking at an event organized by the European Commission.
At 0907 GMT, the euro traded at $1.3527.
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