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FOREX VIDEO | New York Session Review | October 15, 2010

The greenback staged a recovery against the major currencies following a speech by Fed chairman Bernanke and a quartet of U.S. news reports. The EUR/USD currency pair dropped more than 200 pips to close the trading week below the 1.40 level.

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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

Dlr edges up, Japan warns on forex

The dollar edges up against the yen and euro, as the threat of Japanese currency intervention looms.

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