Early equity losses have been reversed and now the S&P is up 0.5%. EUR/USD has marched up with it and now trades at 1.3950.
Looks like the market has shifted its brain into neutral and is content to follow the equity market until it gets something juicy to chew over.
Ben Bernanke has just taken his seat under the spotkight. The Q&A should be very interesting. IF Bernanke comes off badly, that would obviously not be a dollar-positive.
