Top
New York  London  GMT  Tokyo  Sydney 

Trichet Q&A: Never comment on exchange rates

By   || August 5, 2010 at 12:56 GMT
|| 0 comments || Add comment

except when I have something to say, Trichet says, when asked on recent strength of the euro derailing recovery or a sign of confidence…

Q2 and Q3 are likely to be better than expected, Trichet reiterates. He expects the second half of the year to be less buoyant than the second quarter of this year.

UPDATE: I misheard the above comment initially. He said a less buoyant second half, not less volatile.

Asked on the US outlook for the second half of the year, Trichet says to beware of the ups and downs of the markets moods. Market was extremely downbeat of Europe and upbeat on the US during the crisis and pendulum is swinging, he says.

He says he is no more or less alarmed than he was three months ago.

Share and Enjoy:
  • RSS
  • Facebook
  • Twitter
  • LinkedIn
  • email
  • Print
  • Add to favorites
  • del.icio.us
  • Digg
  • NewsVine
  • StumbleUpon

Add a comment

Comments are closed.

Bottom