ECB’s Trichet says he believes US authorities when they say a strong USD is in US interests.
He also believes it is clear a number of currencies should appreciate versus the dollar and euro, notably the emerging world.
Asked whether rebalancing the global economy implied a weaker dollar and a stronger euro Trichet told Reuters TV “It does not at all imply a change in the bilateral position of the dollar and the euro, not at all.” Mon Dieu!!! Zut alors!!! You’re having a giraffe!!!
EUR/USD very steady around 1.4620.
