Fed Chairman Bernanke was confirmed to serve a second term following a Congressional vote yesterday, with a 70-30 Senate vote.
US equity markets were relatively tame in Friday trading despite the blockbuster Q4 GDP growth rate. The Dow Jones was up marginally while the Nasdaq and S&P 500 drifted lower on the session. Crude oil edged up slightly on the heels of the data.
The euro remained under pressure, falling to 1.3864. Support is seen at 1.3830, followed by 1.38 and 1.3760. Additional floors will emerge at 1.3730, backed by 1.37 and 1.3650. Gains will target resistance at 1.39, followed by 1.3940 and 1.3970. Subsequent ceilings are seen at 1.40, backed by 1.4040 and 1.41.