EUR/USD: Bernanke Appears in No Rush to Cut

Bernanke tells a Montana audience that US real interest rates are "very, very low". Those do not sound like the words of a central banker even remotely contemplating an interest cut. He also says the US needs to up its savings rate to balance the trade gap and that the US needs to think hard on budget priorities ahead of the retirement of the baby-boom generation. EUR/USD is dipping back below 1.3600 after stalling several times ahead of 1.3585/90 support.