Quick, Trichet Coughed....What's it Mean??

This would be hilarious if there weren't so much on the line.

From Bloomberg

The euro rallied from near a year low versus the yen after a European Central Bank spokeswoman said President Jean-Claude Trichet will leave a central bankers’ meeting in Sydney a day early, sparking optimism policy makers will help Greece address its fiscal woes.

and

The euro rallied from near a year low versus the yen after a European Central Bank spokeswoman said President Jean-Claude Trichet will leave a central bankers’ meeting in Sydney a day early, sparking optimism policy makers will help Greece address its fiscal woes.

So there are investor paparazi keeping track of every move by Trichet to try and decipher why he is using the restroom now, what salad is he ordering, or what suit he will pick. Really?

There is some kind of action coming for Greece. There always is. Fundamentally though I don't think it matters that much as their is more proof that the world is in a global deleverging cycle.