Trichet Says Strong Dollar Is ‘Extremely Important’

Sept. 28 (Bloomberg) -- European Central Bank President Jean-Claude Trichet said a strong dollar is “extremely important” for the world economy and it’s too early for the ECB to unwind emergency stimulus measures.

“In the present situation it is extremely important that we can have in the framework at the level of global finance and the global economy a strong dollar, as the authorities in the U.S. are saying,” Trichet told lawmakers in Brussels today. “The solidity of the dollar is very important.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=aSd5pt2tYX.o

SOS, SOS, SOS...

 

Translation... "you hold while I sell".