08.11.2007
``brutal'' shifts in exchange rates are unwelcome
Trichet Warns Against `Brutal' Currency Shift After Euro Record
Nov. 8 (Bloomberg) -- European Central Bank President Jean- Claude Trichet said ``brutal'' shifts in exchange rates are unwelcome, signaling he wants to stem the euro's surge to a record against the dollar.
The euro yesterday climbed to $1.4731, the highest since the currency started trading in January 1999 and extending its gains this year to 11 percent.
``In the recent period I have observed moves that were undoubtedly sharp and abrupt,'' Trichet told reporters in Frankfurt today.
``Brutal moves were never welcome
VOIR LA VIDEO QUESTIONS REPONSES 8mn /46
Introductory statement, questions and answers (Frankfurt am Main)
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| Tags : EUROPE, BCE | 
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