Some detected a more optimistic Trichet today at his monthly press conference but Trichet himself says the ECB is in exactly the same mood today on rates that it was a month ago.
He says he remains cautious on growth but says the Eurozone economy could be be flat from 2009. He repeats they will do whatever is necessary to deliver price stability. They only have one needle in their compass, he said for the thousandth time in an interview with Reuters TV.
EUR/USD retains a softer tone, trading in the 1.4350s after holding support at 1.4338.
