URGENT ¥¥¥ Merkel says euro rate of $1.30-$1.40 'normal'

German Chancellor Angela Merkel said Wednesday a euro exchange rate of between $1.30 and $1.40 was "normal", in an unusual comment on foreign exchange markets.

"Euro rates of between 1.30 and 1.40 are normal in the historical context of the euro," Merkel told an economics conference here, amid concerns in some quarters that the euro is too strong against other currencies.