EUR/USD Still Choppy

Yesterday it was the "twin deficit" concern that gave the Dollar a spook and sent both the Pound and Euro higher. After it was reported that 2005 marked an all-time high for the current account deficit ($804.9b), other news stories appeared highlighting Fed Chairman Bernanke's concerns about the size of the federal budget deficit. Giving additional backing to the Bernanke's point of view were comments from the head of the General Accounting Office, who said that the U.S. budget deficit was "imprudently high," adding that the US financial position was worse than the government thinks. Read More....