March 5, 2009 / 1:48 PM / 11 years ago

Euro extends losses as Trichet says growth weak in 2009

NEW YORK, March 5 (Reuters) - The euro extended losses against the dollar on Thursday after European Central Bank President Jean-Claude Trichet said inflation had cooled and euro zone growth was likely to remain weak in 2009.

The comments came after the ECB cut interest rates, as expected, by half a percentage point to 1.5 percent, a record low.

The euro last traded at $1.2510 EUR=, down about 1 percent on the day. It was around $1.2560 before Trichet began speaking at a news conference.

Reporting by Steven C. Johnson; Editing by Chizu Nomiyama

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