As expected, the ECB kept rates at a record low (+1.00%) this morning. Policy makers are weary of a stronger EUR impeding their recovery process. Last week Trichet said that
A strong dollar is ‘extremely important’ for the world economy, and Europe appreciates ‘enormously’ the U.S. governmentÃ¢â‚¬â„¢s preference for a strong dollar
Bloomberg News 
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