Swiss KOF Economic Barometer -0.17 vs -0.06 expected
Usd/Chf and Eur/Chf unaffected by news, trading at .9216 and 1.2063 respectively.
German Import Prices as expected for December at 0.3%
Eur/Usd trades at 1.3110.
1-27 Economic Calendar
JP Morgan’s Dimon says unraveling the Euro is a terrible thing
* Greek default won’t take down the western world; no direct effect to U.S. banks
* Europe situation not comparable to Lehman Bros.
UK CBI Realized Sales weaker than expected -22 vs -2
Gbp/Usd continues to trade either side of 1.5700.
EU’s Reding says Euro is strongest currency in the world
Eur/usd trades at 1.3115.
Schaeuble doesn’t expect bank rescue fund to be used
Eur/Usd currently trades at 1.3115.
German GFK Consumer Climate
German GFK Consumer Climate came in at 5.9, stronger than the 5.6 expected and prior reading of 5.7.
Eur/Usd initially traded higher, to 1.3130 on news and has since retreated to pre number level of 1.3115.


