The News Review:

- FREX-Dollar rises vs yen falls vs euro before Fed
- FREX-Euro gains vs dlr yen as risk aversion ebbs; Fed eyed
- FREX-Dollar gains vs yen as risk appetite improves
- FREX-Euro rises supported by strong Ifo; yen slips
- FREX-Euro gains vs dlr yen; risk aversion eases as Fed eyed

FREX-Dollar rises vs yen falls vs euro before Fed
Reuters 
The Fed concludes a two-day policy meeting later in the dayand could unveil new steps aimed at easing the credit crunch. With the benchmark interest rate already near zero themarket is looking for any new policy measures such as purchasinglong-dated Treasuries. “If the Fed makes comments on purchasing Treasuries it wouldsoothe concerns that overseas investors may start picking upfewer U.

FREX-Euro gains vs dlr yen as risk aversion ebbs; Fed eyed
Reuters 
5 percent; Fed meeting eyed * Market awaits news of more Fed measures to boost economy (Adds quotes changes byline dateline; previous TKY) By Jessica Mortimer LNDN Jan 28 (Reuters) – The euro gained against thedollar and the yen on Wednesday as risk aversion continued toebb while investors awaited the conclusion of a meeting ofFederal Reserve rate-setters. European stocks were up 1. 5 percent helping currencies suchas the euro and the pound which have suffered in the recentbouts of extreme risk aversion. This followed gains on Wall Street overnight as encouragingearnings news from the likes of American Express (AXP.

FREX-Dollar gains vs yen as risk appetite improves
Reuters 
dollar firmed againstthe yen while higher-yielding currencies such as theAustralian and New Zealand dollars gained on Tuesdaybenefiting from a modest increase in risk appetite as moststock markets around the world rose. Wall Street shares are set for a higher open withinvestors hoping new Treasury Secretary Timothy Geithner willact quickly to ease the impact of the nation’s worst downturnin decades. Risk demand further improved after Japan launched a $16.

FREX-Euro rises supported by strong Ifo; yen slips
Reuters 
German’s Ifo economic research institute said that itsbusiness climate index rose to 83. 0 in January from an upwardlyrevised 82. 7 in December exceeding forecasts and posting itsfirst improvement in eight months [ID:nBEB002299]. The figure suggested that businesses are slowly gainingconfidence following the government’s announcement of aneconomic stimulus package although analysts warned againstbecoming too optimistic about the German economy.

FREX-Euro gains vs dlr yen; risk aversion eases as Fed eyed
Reuters 
7 percent; Fed meeting eyed * Market awaits news of more Fed measures to boost economy * Weak Swiss data dents franc; RBNZ seen cutting rates (Adds quotes updates prices) By Jessica Mortimer LNDN Jan 28 (Reuters) – The euro gained against thedollar and the yen on Wednesday helped by rising equities andeasing risk aversion with focus on the meeting of U. rate-setters later in the day. Some better-than-expected economic data and corporateearnings results this week have encouraged investors to adjustsome of their extreme risk averse positions although theyremain mindful that the global economy is still in deep trouble.
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