Eurogroup chair worried by fx, sees slower growth

LUXEMBOURG, March 28 (Reuters) - The volatility of the euro's exchange rate is excessive and unwelcome, the chairman of euro zone finance ministers, Jean-Claude Juncker, said on Friday.

He also said there were first signs that a weaker global economy was taking its toll on the real economy of the 15-member euro zone and that European Union finance ministers were likely to conclude euro zone growth would develop negatively.

He said he agreed with the European Central Bank that controlling inflation was its absolute priority and called for decisive action on record high price growth, saying it ate away the purchasing power of consumers. (Reporting by Michele Sinner; Writing by Jan Strupczewski; Editing by Dale Hudson)