Bullard’s comments have cooled the speculation of QE3 as soon as September, as have comments from many economists putting a September move at no better than 50/50. Even Gross’s 80% call yesterday did not come with a date attached…
US equities are 0.6% lower, European shares are on average 1.4% lower and commodity currencies are under pressure.
EUR/USD is dipping toward intraday support in the mid-1.2530s. Bids are seen now in the 1.2510/20 area with more down at 1.2480/90.
