EUR/USD Surges

Europe's EUR/USD has surged higher in U.S trading. Last in the pair is 1.1408 up 0.0159. Chatter about the FOMC meeting that has begun today at 10:00 AM is making the rounds. Trading is choppy but firm. In other Forex markets the USD/JPY is trading at 117.42 and continues to lose ground as U.S. Equities slide on Tuesday morning.