EUR/USD has fallen back after Dudley showed some rare insight into the angst many market participants feel regarding the Fed’s asset purchases. He said the Fed needs to mull the costs and benefits of a third round quantitative ease and he understands that it creates inflation anxiety.
The big jump in jobless claims is helping undermine confidence a bit as well, especially after it follows on the heels of a weak employment report a week ago.
Equity futures in the US are giving up all their early gains and are now nearly flat, losing an over half-percent gain.
1.3135 is modest support on the dip with better support at 1.3095/00.
