EUR/USD Up Ahead Of Fed Bernanke Testimony

EUR/USD is up early Tue with U.S. stock futures, as traders position for a modest rebound after Mon's slide ahead of testimony from Fed Chairman Bernanke. S&P futures up 5 pts. Also at 10 a.m. EST, the Richmond Fed Mfg Index and Conf Bd Consumer Confidence Index will be published. Tue morning in NY, EUR/USD was at 1.2775 from 1.2714 late Mon, while USD/JPY was at 95.84 from 94.50, according to EBS. EUR/JPY was at 122.42 from 120.16. GBP/USD was at 1.1597 from 1.4480, and USD/CHF was at 1.1597 from 1.1678 Mon.




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