The euro has made some fairly strong gains against the greenback over the last few months, and several journalists did prod Lagarde regarding what her plans might be to push the single currency back down.
She seemed unwavering, as if to say that they welcome the additional confidence in the eurozone and have no plans to intervene in the currency market for now.
Indeed, a healthy rise up to 1.2000 doesn't seem too extreme. However, if things do get out of control and we see the euro rising even more, especially in the short term, it could present a problem for price stability, and not just for Europe.
Let's just say that a significant move beyond 1.20 in the near term would represent a serious depreciation of the U.S. dollar, a movement that could have horrendous ramifications for the global economy.
A move in the opposite direction also wouldn't be too good though, as a U.S. dollar surge right now would no doubt catch many investors off guard.