The Obama Administration wants to throw another $5 bln at “green jobs”. Somehow, in the briefing outlining the new proposal, the subject of currencies came up. Obama’s framework for boosting US manufacturing involves and ongoing “dialogue” on currencies. Currencies should be set in the market, an official said, but that goal is just a part of Obama’s focus on manufacturing.
EUR/USD has bounced to the 1.4550 level after a dip to 1.4535 following the S&P downgrade of Greece.
