Pairing down at 1.2293 at writing from North American close Tuesday up around 1.2340. Asian sovereigns noted selling into rally above 1.2350.
Market noted Fed Chairman Ben Bernanke’s comment that Fed doesn’t want to be providing USD swaps as a permanent service.
Euro zone data little thin on the ground this morning:
06;00 GMT: German Gfk consumer confidence survey for June expected 3.6 from previous 3.8
06;45 GMT: French own-company production outlook and French production outlook indicator, both for May
06:45 GMT: French business confidence indicator for May expected 97
06:45 GMT: French consumer spending for April expected -0.5% m/m, +1.4% y/y, down from previous +1.2%, +2.5% respectively
European stocks expected to open appreciably firmer following Wall St bounce.
