Fed’s Rosengren: Plenty of exit options, question of timing

Boston Fed President Rosengren says the Fed has plenty of options in terms of exit strategies, but what is important is the timing. We’re not there yet, he says. Fodder for risk traders…

EUR/USD is easier in its range, dipping with US equities. The S&P is about 0.75% off earlier highs, now down 5 points, and oil is $1 lower on the day, now at $78.45.

Support is at 1.4715/20; stops are eyed at 1.4910. We trade now at 1.4948.