ECB's Trichet-notes U.S. support for strong dollar

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VALETTA | Mon Oct 1, 2007 8:18am EDT

VALETTA Oct 1 (Reuters) - European Central Bank President Jean-Claude Trichet said on Monday that he has noted with great attention remarks by U.S. policymakers that a strong U.S. dollar is in American interests.

Speaking to journalists in Malta, Trichet referred specifically to comments by U.S. Treasury Secretary Henry Paulson, and said he was not speaking about the last statement by Group of Seven industrialised nations.

"I have said, and I repeat, that I've noted with extreme attention that the U.S. Treasury Secretary and ... the Federal Reserve have said a strong dollar is in U.S. interests," Trichet said.

The euro, which has hit record lows against the dollar in the last week, slipped against both the greenback and the yen on Trichet's comments, extending losses against the dollar to $1.4221 EUR=.

European Commissioner for Economic and Monetary Affairs Joaquin Almunia said he fully supported Trichet's comments and was looking forward to the next G7 statement, due to be discussed later this month.

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