Trichet: Policies designed for “easy exit”

Rates are not necessarily at their lowest level, Trichet reiterates, after prodding. He also says that extraordinary liquidity measures are designed for easy exit, when asked about exit strategies.Today is not the time for exit, he says, though we remain alert.

EUR/USD has taken on a softer tone, back below the 1.4300 level, not far from US closing levels Wednesday. We trade now at 1.4293.