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Forex pairs in this Article » EUR/USD, GBP/USD, USD/JPY
FXstreet.com (San Francisco) - Too much noise but nothing, and lot of uncertainty. The USD rose on Wednesday as the FOMC minutes provided no clear signals on when the Fed will begin to taper its monthly bond-buying program. To top it off, Fed minutes showed members remain split whether the central bank should slow the pace of asset purchases and the appropriate timing.

The uncertainty fueled the Greenback and after an initial shake reaction, it seems the USD is winning the battle at least for today. The US Dollar Index is closing the day at 81.39, 0.56% positive on the day and Wall Street closed lower.

The EUR/SUD lost the 1.3400 position with the pair falling to sub 1.3350 levels, now the Euro is wrapping up at 1.3355 against the Dollar. The GBP/USD is still deciding for direction and after peaking to fresh 2-month highs at 1.5715, the Cable reacted overall down after minutes and it is closing at 1.5655.

The USD/JPY rallied to 98.00 just after the release but it was rejected by this price and now it's ending the day at 97.70. The USD/CAD jumped to the 1.0480 in its fourth positive day in a row. The AUD/USD extended its decline from Monday's high at 0.9230 to 2-week lows at 0.8965. Now the Aussie is closing at 0.8975.

Main headlines in the American Session:

ECB's Asmussen didn’t discuss third bailout for Greece

US existing home sales jump 6.5% in July

Merkel plays down Schaeuble remarks at campaign rally

FOMC Minutes: Almost all members agreed taper not appropriate in July

Wall Street closes down on choppy FOMC's Wednesday
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