13.10.2010 - ECB's Trichet warns against currency 'wars'
From Indiatimes.com: European Central Bank President Jean-Claude Trichet on Tuesday urged the world's major economies to avoid a race to devalue their currencies, saying this would hurt a still-fragile financial system. Asked if the ECB would react to any further monetary easing from other major central banks, Trichet said he would ascertain what impact such measures had on the European economy before making any decisions. "I never take, on behalf of the governing council, any precommitments. I only say we will do whatever is necessary," Trichet said.............................................Full Article: Source
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