Dollar jumps after ECB rate decision

European Central Bank elects to hold rates steady, and bank president Trichet warns of economic weakness in the 15-nation euro zone. Paste this link into your favorite RSS desktop reader Issue #1 on CNN — This week, 12pm ET NEW YORK (CNNMoney.com) -- The dollar gained against the euro Thursday, holding a 9-week high against the European currency, after the European Central Bank left a key interest rate unchanged. While the move was widely expected, it confirmed worries about slower economic growth overseas. "It's not that the U.S. data has improved dramatically. I think it's that the economic picture is deteriorating dramatically elsewhere," said Vassili Serebriakov, currency strategist with Wells Fargo. The euro fell to $1.5319 Tuesday afternoon from $1.538 late Wednesday -- the lowest level since June 13, when the euro... [read full story]