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The euro rose back above $1.33 to $1.3310 on trading platform EBS from $1.3274 before Nowotny's comments.
His comments were in contrast to that of Eurogroup head Jean-Claude Juncker who on Tuesday said that the euro was "dangerously high".
Juncker's comments weighed on the euro, with the single currency losing more that 1 percent against the yen.
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