US equity markets are rebounding strongly today, up 1.9% so far. Commodities are firmer as well though the dollar retains most of its recent gains, trading now at 1.3940. The reflation trade has been less of an influence on EUR/USD in recent sessions than it has been in recent months.
Gentle Ben Bernanke has done a pretty good job of defending himself in front of a Congressional panel. That may be helping support the equity market to some extent.
