EUR/GBP: At The 100-Day

The Dollar's recent slide was stalled yesterday after Ben Bernanke attempted to moderate his earlier testimony to Congress, which had the effect of provoking a feverish bout of Euro buying. The essence of his argument was that the markets had "got it wrong" (WSJ), the Fed was not particularly dovish, and was certainly not averse to continuing-on after a pause. After listening to this new spin on CNBC, traders bought back the Dollar, which managed to reverse some of its recent losses. Read More....