FXNEWS-Trichet turns less hawkish, euro falls-analyst
Thu, Oct 2 2008, 13:10 GMT
http://www.afxnews.com
Oct 2 (Reuters) - "What the market has seized on is his comment that upside risks to price stability have diminished," Stephen Malyon, senior currency strategist at Scotia Capital in Toronto. "He's (Trichet) becoming somewhat less hawkish or more dovish. The market is taking this as a sign that the rate cuts could be forthcoming." EUR/USD is currently trading down 1.7 percent at $1.3781.
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