The News Review:

- Forex – German ZEW possible sign of global gloom; more data needed
- Forex – Euro dented by weak German survey
- FREX – AUSTRALIAN DLLAR PENS STRNGER – AUG 22 2006.
- FREX – AUSTRALIAN DLLAR ENDS FIRMER – AUG 22 2006.

Forex – German ZEW possible sign of global gloom; more data needed
Forbes – Aug 22, 2006
The Federal Reserve’s move towards a ‘pause’ while long expected has created uncertainty about whether the central bank’s fine tuning mechanism may be off. Market players are pondering if the move from 1. 25 pct over a period of basically two years will be too much tightening for the US economy to absorb.

Forex – Euro dented by weak German survey
Forbes – Aug 22, 2006
The closely watched ZEW expectations index slumped to 5. 6 in August from +15. The latest figure was well below the consensus forecast and the lowest in over 5 years.

FREX – AUSTRALIAN DLLAR PENS STRNGER – AUG 22 2006.
Free with registration – AsiaPulse News – AccessMyLibrary.com – Aug 22, 2006
–>CPYRIGHT 2006 Asia Pulse Pty Ltd SYDNEY Aug 22 Asia Pulse – The Australian dollar opened stronger today propelled higher overnight by a struggling US currency and a rebound in commodity prices. At 0700 AEST the local unit was trading at $US0. vernight it reached a low of $US0.

FREX – AUSTRALIAN DLLAR ENDS FIRMER – AUG 22 2006.
Free with registration – AsiaPulse News – AccessMyLibrary.com – Aug 22, 2006
–>CPYRIGHT 2006 Asia Pulse Pty Ltd SYDNEY Aug 22 Asia Pulse – The Australian dollar closed firmer today in quiet trade as investors largely kept to the sidelines to await news on Iran’s response to calls to end it’s nuclear program. At 1700 AEST the local unit was trading at $US0.