Daily FX Report Tuesday 26th January 2010

By IBTimes Staff Reporter | January 26 2010 4:35 AM

The Euro dropped to nine month lows against the Yen, as traders grew concerned that the Chinese monetary tightening policy was growing. The Yen's safe haven appeal drew in investors following the Bank of Japan's decision to keep interest rates unchanged at 0.1%

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Market News

Yesterday, US existing home sales fell by 16.7% in December
Q4 GDP in the UK will be announced at 0930, with analysts' consensus being that the recession will officially be over, citing 0.4% growth
Please note that the FOMC start their two-day meeting today and announce their interest rate decision tomorrow evening.

Major Economic News

TIME

MARKET DATA

1500

US CONSUMER CONFIDENCE

Eurozone Reports Increased Trade Surplus

Eurozone Reports Increased Trade Surplus

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Eurozone GDP Puts Euro Under Pressure

ZEW Results Weigh on Euro

ZEW Results Weigh on Euro

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EU Confidence Could Be the Financial Crisis' Worst Casualty

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