ECB’s Trichet Says No Deliberate Greenback Weakening by US
November 04, 2010 at 12:46 PM EDT
European Central Bank President Jean-Claude Trichet said on Thursday he did not think the Federal Reserve’s policy actions suggested the United States was actively seeking a weaker dollar. The Fed said on Wednesday it would start buying $600 billion worth in government bonds to pump liquidity into a struggling economy. – Reuters