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. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad
Saturday, November 20, 2010
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. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad
