The EUR/USD was pushing above the 1.26 handle and last week’s high near 1.2615 ahead of Bernanke’s statement. After recent economic data and Yellen’s statement yesterday, the market has been pricing in QE, but did not get it. This can be in the short-term at least a boost for the USD. There was a point at the QA session where Kevin Brady urges Bernanke to just look the markets in the eye and take QE off the table, sort of calling him out for his unclear communication of monetary policy
