Here are some of the comments by Trichet….
“Need commitment to fiscal sustainability, price stability to back fiscal and monetary stimulus”
“Long term Euro zone inflation expectations remain at levels consistent with price stability”
“ECB to may decision on non-standard measures on May 7th”
Euro slipped 20 pips to 1.3100 after the comments but has bounced straight back. EURJPY down to touch 130.20 then bounces to 130.50.
