Merkel:Holding down FX rates is short-sighted -paper

BERLIN, Nov 9 (Reuters) - Artificially holding down a currency is short-sighted and harms everyone in the end, German Chancellor Angela Merkel was quoted as saying in an interview due to be published in a German newspaper on Wednesday.

'A policy that relies on holding down the currency at an artificially low level in order to improve a country's export opportunities is short-sighted and harms everyone at the end of the day,' Merkel was quoted as saying in Die Welt.

(Reporting by Sarah Marsh and Paul Carrel) Keywords: GERMANY MERKEL/ (Berlin Newsroom; Tel: [phone]; Email: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.