Looks as though the finance ministers are beginning to arrive in Brussels for their monthly powwow. The official says that we must look at the Euro vs dollar or Yuan in the next few months but that it is not the main focus.
EUR/USD is recovering after a dip into the 1.4930s after Bernanke upped the focus on China’s unwillingness to float the Yuan as a source of imbalances, picking up the theme begun in Europe last week. We trade now at 1.4955.
