In response to comments from Republican senator Shelby, Geithner said it is important to have an exit strategy to unwind the remarkable government interventions in the economy. They must be “walked back”, Geithner said. Presumably he is talking about government stakes in Banks and auto makers. These comments will be welcomed by the markets.
EUR/USD is consolidating its most recent rise, now at 1.3790. Resistance and barriers are seen at 1.3800. Fresh buyers are above.
