ECB's Trichet warns on currency volatility

BERLIN: The European Central Bank's president has warned that excess volatility in exchange rates has ``adverse implications'' for economic stability.

Jean-Claude Trichet also said Thursday that he agrees with U.S. authorities when they say that ``a strong dollar is in the interests of the United States.''

The euro broke above $1.40 for the first time in eight months as he spoke _ more than 20 cents above multiyear lows in June.

Trichet said central bankers and officials from major officials will have an opportunity to discuss exchange rates during meetings in Washington over the coming days.