Lacker: Fed not targeting particular yield with Treasury purchases

Richmond Fed chief Lacker says the Fed is not trying to target a particular yield with its Treasury buying program. Many suspected the Fed wanted the keep yields below 3% in 10-year notes so that Mortgages would average around 4.5%. 10s are up in yield and mortgage rates are well, now over 5%.

EUR/USD is backing off after brushing the 1.3600 level. AUD/USD reached 0.7697.