Fed hawk Fischer is on the wires saying that rates are currently very low and that special liquidity measures should be unwound as soon as feasible. It is very dangerous to let price pressures get out of control, he says. He also says he is very comfortable with his dissenting votes at a string of FOMC meetings.
EUR/USD is testing the upper end of intraday ranges, boosted by falling stocks, renewed financial jitters (did they ever really recede ?) and a hawkish take on ECB policy from a melodious hedge fund advisory firm.
Note: This comment is out of order. It should have preceded the comment on prices breaking out of the morning range. I saved it as a draft instead of publishing it…Rookie mistake.
