Damn, that must have felt good.
After years of getting hammered on deficits by those euro-weenies, US officials get to talk a little smack….
Lacker also warns of inflation dangers for the US over the next two-three years, showing the Fed is at least thinking of tightening at a time when the ECB is opening the monetary floodgates.
EUR/USD has tumbled back to mid-range after failing to overcome selling at 1.2745/50.
1.2665/70 bids are containing pullbacks amid ongoing talk of buying from Asian and Middle Eastern central banks today.
