Fed’s Evans: Too big to fail not good

There’s a newsflash from the head of the Chicago Fed. Too big to fail is not good for the system and a systemic risk regulator is needed…yada, yada, yada…

EUR/USD is consolidating in the 1.4140 region after finally absorbing enough EUR/USD to get its fill. All manner of central banks have been playing ranges between 1.40 and 1.4150, so we’d be reluctant to fall in love with EUR/USD up here.