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ECB's Trichet says no new policy message: report *PIC*

ECB's Trichet says no new policy message: report ( EURUSD ) (by William L. Watts)

LONDON (MarketWatch) -- European Central Bank President Jean-Claude Trichet on Friday said he had no new message to deliver on monetary policy, news reports said, underlining market expectations the bank will move to hike interest rates when it meets next month. At an event in Frankfurt, Trichet told reporters there was "nothing to add" and "no new message" on monetary policy, Dow Jones Newswires reported. The euro (cur_eurusd) extended a gain versus the dollar to trade at $1.4172, a gain of 1.2% from Thursday and its highest level since November. Concerns about the global economic impact of the Japan earthquake had appeared to raise questions earlier this week about the ECB's willingness to follow through on strong hints of an April rate move delivered by Trichet earlier this month, strategists said.