Jean-Claude Trichet is scared from hard increase of the EUR

The president of European Central Bank, Jean-Claude Trichet announced earlier today, that he is affraid from the too hard increase of the EUR price toward the USD. In this way, Trichet is making the first try for intervention of currency market, which from some time is hardly destablized.
"We are affraid from too hard movements of the currencies in heavy moment like those today", commented a banker Basel. Trichet told his oppinions for currency market for last in the November, when he told against too unstable currency cources.
Jean-Claude Trichet tried to restrict the growing of the EUR, which got raising of its price with 18% toward the USD in the last year. After going over th psychological
border of 1.50 USD per 1 EUR, the European currency started to restrict the export and production. In the same time inflaion in the Eurozone is with 14 years pick, which made European Central Bank to keep a high level of interest, stimulating more its currency. The expectings for new aggressive increase of the interest of FED, additional will made the situation worse for the European Business and better for the EUR. Trichet is feeling much uncomfortable, because he cannot made a own monetary politic.