FOREX-Euro falls as Trichet says high inflation temporary

Thu May 8, 2008 8:41am EDT
 
[-] Text [+]

NEW YORK, May 8 (Reuters) - The euro extended losses against the dollar on Thursday after European Central Bank President Jean-Claude Trichet said current high inflation in the euro zone remains temporary. [For more details ID:nFAT004155].

The euro EUR= fell against the dollar, trading at $1.5327 from about $1.5340 shortly prior to Trichet speaking. (Reporting by Nick Olivari; Editing by Theodore d'Afflisio)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better