Trichet says FX rates should reflect fundamentals

European Central Bank president Jean-Claude Trichet said Friday 20 April that too much volatility in foreign exchange rates is undesirable and exchange rates should mirror economic fundamentals.

Trichet's comments came at a press conference following a meeting with finance ministers from the 13 member euro zone countries.

"Excessive volatility and disorderly movements in exchange rates are undesirable for growth," he said.

"We believe the Japanese economy is on a sustainable recovery path and t