RTRS: FOREX-Euro trims losses as Trichet offers no new rate clues
NEW YORK, Nov 6 (Reuters) - The euro trimmed losses against the U.S. dollar on Thursday after ECB President Jean-Claude Trichet offered no new clues on the direction of European interest rates, analysts said.
Trichet was speaking after the European Central Bank cut interest rates by 50 basis points to leave its benchmark rate at 3.25 percent.
Trichet said the outlook for prices has improved but analysts said the comments were balanced with downside risks to growth.
The euro rose against the dollar to $1.2830 from where it traded at $1.2805 before Trichet began speaking. The euro is still down 0.9 percent on the day. (Reporting by Nick Olivari; Editing by Theodore d'Afflisio)
