Markets get a wee bit queasy when central bankers use the example of Weimar Germany to illustrate a point. Dallas Fed President Dick Fisher just did that, saying Weimar Germany, the most notable example of hyperinflation in a developed economy, is an example of what can happen when central banks become politicised. It’s in not clear whether he thinks the Fed is heading down that path, but keep an eye out for a bit more context.
EUR/USD trades quietly in the 1.3550 area as the greenback searches for near-term direction.
