The White House press briefing passed with no attempt to retract Geithner’s statement yesterday that Obama thinks China manipulates its currency. The subject was not raised by reporters but was not mentioned by the White House spokesman, either.
EUR/USD continues to surge, trading up to a fresh intraday high at 1.3033. US equities are rebounding strongly this afternoon as well, getting a lift from the weaker dollar. Stocks bounced from near 800 in thr S&P again today.
