CNBC: Obama’s short-list led by Summers for Treasury

Charlie Gaspirino on CNBC says Obama’s Wall Street money men have circulated a short-list for Treasury Secretary. The leader on the list is said to be Larry Summers, the Clinton-era Treasury chief at the tail-end (no pun intended) of Clinton’s second term. Also high on the list is New York Fed chief Tim Geithner. Well down the list iare Paul Volker, Bob Rubin, Jamie Dimon and Larry Fink of Blackrock, according to Gaspirino.

EUR/JPY is creeping up in light afternoon trade after bouncing from its 10-day moving average. it trades now at 125.25 from 124.75. A US investment bank, oops. mow commercial bank is said to be a buyer of EUR/USD at present as that pair recovers into the 1.2660s after a dip through 1.2600 earlier.