I don't think that this will harm economic growth in Europe as a whole," he told reporters.Asked whether the European Central Bank should take action to curb the strength of the euro, Juncker said: "I don't think that we should start to become hyperactive. We need to watch closely what is happening."
"I don't have any public recommendations for the ECB which is an independent institution," he said.
Juncker also said investors were over-reacting to short-term indicators and they should take a longer-term view instead.
"The American economy will come back to normal growth in a short period," he said.
(Reporting by Marja Novak, writing by William Schomberg, editing by David Christian-Edwards)
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