24/06/2002 (Agence Europe) - The European Commission welcomed the rise in the euro in relation to the dollar, while stressing that this revival was expected, given the under-evaluation of the single currency. "This year and last, we have placed emphasis on the fact that the euro was under-estimated and that exchange rates did not comply with economic tendencies in the euro zone", the spokesperson for Commissioner Pedro Solbes said on Monday. While pleased with the way the euro was holding,...