Markets seem to be expecting a more upbeat Ben Bernanke. Stocks have slipped into the red and the dollar has recovered as persistently high unemployment and the chance that US consumer spending could flag are highlighted by the Fed chair. He says he does see “some improvement” in economic conditions.
EUR/USD has dipped back to 1.4215 from above 1.4275 and EUR/JPY to 133.40 from 134.50.
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