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Flash: Bernanke remarks – BBH

FXstreet.com (London) - Marc Chandler, Global Head of Currency Strategy at BBH Global Currency Strategy Team
said the prepared remarks from Bernanke's testimony do not appear to break any new ground.

They reflect what has said recently and several times he drives home this point. The prepared statement is peppered with phrases such as "as I have said". Recently, it has been in response to questions that Bernanke's comments have had the most market impact.

USD/CHF bottoms out at support

The USD/CHF foreign exchange rate has been facing staunch headwinds Wednesday, experiencing a notable decline throughout the earlier sessions, that bottomed out recently at 0.9358 (intraday low).
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EUR/CAD pares losses to trade positively

The EUR/CAD technical cross successfully rebounded off a session low of 1.3627, having eliminated its losses to break back into positive territory on the heels of Canadian data.
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