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LUXEMBOURG, May 29 (Reuters) - Volatility in foreign exchange markets is still too high and a lot of the moves are irrational, the chairman of euro zone finance ministers, Jean-Claude Juncker, said on Friday.
"I never comment on foreign exchange rates because we don't have a foreign exchange policy in the EU, but I have to regret that volatility in foreign exchange rates is still too high," Juncker said.
Juncker, who chairs monthly meetings of euro zone finance ministers and the European Central Bank, was speaking to reporters before a financial forum in response to a question on the strength of the euro.
Juncker said irrational behaviour in markets did not help economic recovery.
"There is a lot of irrationality in the markets. That is not helpful for an organised economic recovery," he said. (Reporting by Michele Sinner, writing by Jan Strupczewski)