ECB Trichet’s ‘balance’Financeboost dollar

Filed under: Economy The dollar has had much working against it in the past decade: roughly eight years of policy errors, an inability by public officials to recognize the mercantilism of major economic powers, and (until recently) a U.S. consumer unable to curb profligate spending habits. But the buck has had one thing working in its favor: European Central Bank President Jean-Claude Trichet and the highly-diverse ECB Council have presented a less than picture postcard perfect monetary policy since

the euro’s creation. On Friday that ECB council rift reared its head again after Trichet failed to eliminate concerns about a split among the continent’s monetary policy makers, Bloomberg News reports, and the dollar strengthened 1.5 cents to $1.3040 versus the euro — a one-month high. Continue reading ECB Trichet’s ‘balance’Financeboost dollar ECB Trichet’s ‘balance’Financeboost dollar originally appeared on DailyFinance on Fri, 17 Apr 2009 14:30:00 EST. Money.Finance|Finance|Finance

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ECB Trichet’s ‘balance’Financeboost dollar