Forex News Daily Recap: EUR Tests 1.40, AUD and CAD Push Towards Parity

The EUR/USD pair tested the 1.40 level as yesterday's FOMC meeting minutes show the Fed ready to undertake more quantitative easing while the ECB looks to exit its emergency stimulus measures. With US equities higher on earnings reports from Intel and JP Morgan, higher yielders like the Australian and Canadian Dollar rallied, pushing towards parity against the greenback.

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Forex Market Analyst: Nick Nasad

Forex News Daily Video Recap: Euro Stumbles on Ireland, ECB Bond Buying

The main theme today was Euro weakness as there was more worrisome news regarding Ireland and it was revealed that the ECB bought a large amount of bonds last week. The EUR/USD slid from its highs near 1.38. The USD was a bit stronger as US stocks slid, despite some positive US fundamentals in the form of a decent pending home sales report and good levels of capital purchases by US companies in August.

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Forex Market Analyst: Nick Nasad

Forex News Daily Recap: EUR, AUD, JPY Continue Their Rallies vs USD

The US Dollar kept up its weakness, on the back of expectations that the Fed will move to buy more asset purchases and is amping liquidity of Dollar, helping to lower the currency's value. The Euro, Australian Dollar and Japanese Yen took advantage. The Pound was pressured by some weak data and the Canadian Dollar also underperformed.

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Forex Market Analyst: Nick Nasad