Being a Federal Reserve Chairman is difficult, but being a new Fed Chairman in an environment where growth is slowing, inflation is rising, the housing market is showing signs of weakness and geopolitical risks are widespread is even harder.
In the daily currency technicals, the euro holds in tight range after decline, the Japanese yen continues to sink, the British pound is ready to bounce, and the Swiss franc weakens with the euro.
Currency strategist Todd Gordon writes that the EUR/USD currency pair is in play after a confirmed and rather surprising early break of 1.2500 following the economic data this morning.
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