Asia Session – January 27, 2012 1:49 AM

The greenback ended broadly higher yesterday as ongoing Greek-PSI negotiations quickly overshadowed Fed QE 3 optimism. As markets in Asia opened shop, U.K. newswires cited an anonymous senior Greek official as saying progress was being made and aimed at concluding a deal with the private sector soon, and that talks were likely to continue on Friday and probably into the weekend as well. Seemed a bit contradictory to me and price action in currency markets suggests the market may not be buying in either as EUR/USD trades pretty much unchanged from this same time yesterday.  Full text »

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