Legislators are streaming out of the White House and running for the cameras to take a swing at the Fed. Chris Dodd took the first poke and now Banking Committee ranking member Shelby is piling on, saying the Fed has utterly failed as a regulator.
EUR/USD has rallied into the 1.39-teens after comments, toward the 1.3820/30 area where the Chinese have been camped on the offer these last two sessions. A break above 1.3930/40 will set off a nasty squeeze to the topside.
