Daily FX Report Monday 25th January 2010

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Following the recent move to the upside, traders took some of the profits off the table, helping the US Dollar lower against the Euro and higher yielding currencies. Having gained nearly 2% on the Euro, profits were booked ahead of the FOMC meeting later this week.

Market News

  •  The Dow had its worst three day sell off since March 2009

    fx_25_1_10

    as the impact of Obama's proposed overhaul hit the financial sector hard

  • Reports are suggesting that the Fed Reserve Chairman Ben Bernanke was moving closer towards confirming his second term

Major Economic News

TIME

MARKET DATA

1500

US EXISTING HOME SALES

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