Markets are testing support here as all eyes are on the EURUSD pair to see if risk assets like stocks and commodities will catch a bid.
Erik Swartz (Market Anthropology) has some bad news for those who are looking for a collapsing dollar to bail out their riskier positions at this moment…
“If you think Bernanke has it rough, which is certainly an understatement in of itself – Trichet and the ECB has the nearly impossible task of juggling the combustibles with one hand tied behind their backs.”
If you don’t fully nunderstand the ramifications of this stuff, I recommend you head over and get the full context.
Source:
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