ECB's Trichet sees need for Asian FX rise

European Central Bank President Jean Claude Trichet said on Friday 9 September that in order for the global economy to work better a further appreciation of Asian currencies is needed.

Speaking after a meeting of euro zone finance ministers in Manchester, Trichet said ministers and central bankers had welcomed the recent decision by China to revalue its yuan currency but a further upward adjustment was desirable.

"The decision of the Chinese authorities and others is welcome and potentially co