EUR/USD: Trichet Strongly Defends ECB Independence

Trichet went as far as to read the relevant passage of the Maastricht Treaty to reiterate the independence of the ECB from government influence, showing he was clearly prepared for the question. EUR/USD is trading in choppy fashion either side of 1.3000. Options-related sales are seen in the 1.3020s with bids eyed in the 1.2970s.