EUR/USD has bounced back to the 1.4200 level, aided in part by buying from the Bank for Inernational Settlements. The BIS acts as a broker for other central banks, allowing them to cover their tracks in the interbank market to some extent.
US share prices have turned positive after an early slide on weak earnings reports from some of the banks.
Offers are seen in the 1.4220 and 1.4250 areas, traders report.
Bernanke is set for another go-round on the Hill this a morning, this time before the Senate banking committee.