Comments from the Fed’s Fisher are hitting the tapes and he’s not sounding very bullish. While he is beginning to see indications that the US economy is coming out of recession, he doesn’t expect a rapid recovery as US consumers will remain cautious and it will be a while before businesses rehire and raise pay.
Eur/Usd selling continues pushing the pair down to 1.4220. Next level of bids are lined up at 1.4200.
