Trichet is on the wires, saying he appreciates US comments on dollar strength and says dollar strength is of interest to the entire international community. He said he saw Bernanke’s remarks from yesterday with great interest and is fully aligned with his analysis. The comments were very important, he says.
On inflation, he says expectations are set to turn positive in coming months and says not all liquidity is now needed by the markets. Expectations remain firmly anchored, regarding inflation.
EUR/USD is holding just below 1.4850 after a bounce from 1.4809.
