Trichet there is agreement on both sides of the Atlantic and that the ECB will cooperate as appropriate.

US support for the for strong dollar is extremely important.

He stopped well short of “brutal”. EUR/USD has moved up to new session highs at 1.4790.

Trichet gave a pre-canned response, not an off the cuff one, suggesting it was a well-thought out response. Looks like they are keeping their rhetorical powder dry to fight another day.