FOREX-Euro falls versus dollar on Trichet's comments
Thu, Sep 4 2008, 13:05 GMT
http://www.afxnews.com
NEW YORK,Sept. 4 (Reuters) - The euro fell against the dollar on Thursday after European Central Bank President Jean-Claude Trichet said the euro zone was in an episode of weak economic activity.
The euro was last down 0.2 percent at $1.4458, compared with $1.4480 <EUR=> before Trichet's comments.
"It looks the euro is weakening off a little bit as the market seizes on President Trichet's observation that the euro zone economy is in an episode of weak activity," said Stephen Malyon, senior currency strategist at Scotia Capital in Toronto.
"However, Trichet continues to highlight upside risks to inflation suggesting policy makers aren't in any rush to lower rates," he added.
(Reporting by Wanfeng Zhou and Nick Olivari; Editing by Chizu Nomiyama) Keywords: MARKETS FOREX
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