Trichet: Strong Dollar is Good for the Euro

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European Central Bank President Jean-Claude Trichet says that a strongU.S. dollar is good for a bilateral relationship with the Euro. In aDow Jones Newswire interview, Trichet stressed that the independence ofall central banks of major economies, such as the Fed, is of extremeimportance for confidence — the key factor he believes has beenlacking since the financial crisis. For more on the global impact of the dollar, read this piece from WPR contributor Daniel McDowell.

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