Forex Flash: Ben pours oil on troubled waters (again) - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the Fed Chairman Bernanke´s easy money message is unchanged, but ultimately, he asks, “Does Europe care?”

Juckes notes that solid US new home sales figures (best since July 2008) and the usual calming comments from Ben Bernanke, triggered an equity bounce yesterday afternoon, and the transatlantic economic and market divide remains huge. Meanwhile he writes, “Europe is in recession, political disarray and investors are anxious. In the US, an economic recovery continues, albeit at an anaemic pace, while the Fed regularly soothes market fears. Today sees durable goods orders and pending home sales.”