Former ECB President Trichet speaking to Radio Classique 27 Oct

  • has no doubt on economic dynamism
  • shows increased synchronization of EZ economies
  • France and Italy have more to do on competitiveness
  • weak inflation is a global phenomenon
  • prices not rising they way they have in the past
  • competition from EM capping prices

Meanwhile EURUSD 1.1633 trawling around session lows of 1.1625