Friday, August 27, 2010

Euro pares loss vs US dollar after Trichet remarks

Thu Apr 8, 2010 8:56am EDT Related News Dollar hits uninformed 7-month high vs yen after jobs dataFri, Apr 2 2010FOREX-Dollar quickly trims gains vs euro, yen after dataFri, Apr 2 2010Euro jumps vs Swiss franc after attack jot down lowThu, Apr 1 2010Dollar rises vs euro, yen after production dataThu, Apr 1 2010Euro extends gains, hits event rise vs dollarWed, March 31 2010

NEW YORK, Apr 8 (Reuters) - The euro pared the lossesversus the dollar on Thursday after European Central Bankpresident Jean-Claude Trichet pronounced he expects euro section to growat a assuage gait in 2010.

Trichet"s comments came after the ECB left rates at arecord low of 1 percent. For more, see [ID:nFAE005676]

The euro rose as high as $1.3319 after Trichet comments andlast traded at $1.3313 JPY=, still down 0.2 percent on theday.

"His comments are flattering most as expected. He did contend heexpects assuage liberation in 2010. But we design some-more movement inthe subject and answer where he might be grilled about theGreece situation," pronounced Jacob Oubina, comparison currencystrategist, at Forex.com in Bedminster, New Jersey (Additional stating by Gertrude Chavez-Dreyfuss; Editing byW Simon)

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