The Chancellor has denied a charge that Germany has used the euro to its own advantage
The Chancellor claimed her government had always called on the European Central Bank to pursue an independent policy.
She said: "Germany is a country that has always called for the European Central Bank to pursue an independent policy, just as the Bundesbank did that before the euro existed.
"Because of that we will not influence the behaviour of the ECB.
"And as a result, I cannot and do not want to change the situation as it is."
Angela Merkel was speaking at a news conference with Swedish Prime Minister Stefan Lofven
Angela Merkel in pictures
Tue, November 29, 2016
Angela Merkel has served as German Chancellor since 2005 and Leader of the Christian Democratic Union since 2000. We take a look at her political career in pictures.
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German Chancellor Angela Merkel attends the gala for the 200th anniversary of Werner von Siemens on November 29, 2016 at the historic headquarters of Siemens in Berlin
Peter Navarro, the head of Trump's new National Trade Council, told the Financial Times newspaper that the euro was like an "implicit Deutsche Mark" whose low valuation gave Germany a competitive advantage over its main partners.
I cannot and do not want to change the situation as it is
Mrs Merkel's comments today came as she said the EU must remain focused on its own issues such as migration, the labour market, digitalisation, security and increased defence cooperation, even as Britain leaves the bloc.
The Chancellor said she agreed with Mr Lofven that the remaining 27 EU members needed to work closely together on such key issues, despite the "deep incision" that Britain's vote to leave the EU had caused.
She agreed with Mr Lofven that the EU members needed to work closely together to solve key issues
She said: "It's important that we do not forget our priorities at the time of British exit negotiations."
She said the remaining 27 members had done "very well" up to now in maintaining unity.