The News Review:

- Forex – Pound eases as BoE minutes shows one vote for 50 basis point…
- Forex – Dollar steady vs yen, euro in afternoon trade ahead of US…
- Forex – Dollar spikes higher after faster-than-expected rise in US…
- Forex – US dollar weaker Sydney morning after Fed slashes growth…
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Forex – Pound eases as BoE minutes shows one vote for 50 basis point…
Forbes – Feb 20, 2008
Markets had been betting on a unanimous vote for a quarter point reduction to 5. 25 pct, so the dissenting vote from arch dove David Blanchflower for a steeper cut gives the minutes a dovish slant. ‘The Bank of England remains on course for lower rates as the central Monetary Policy Committee concern remains the risk of weaker growth ahead,’ said David Brown at Bear Stearns (nyse:.

Forex – Dollar steady vs yen, euro in afternoon trade ahead of US…
Forbes – Feb 20, 2008
The US Labor Department is set to announce the January consumer price index, while the Federal Reserve will release the minutes of its Jan 29-30 meeting. The government will also release the housing starts data for January today. Concerns that the US economy may slip into a recession ‘need to be substantiated by economic data,’ said Philip Wee, currency strategist at DBS Bank. ‘The currencies have been locked in a range ever since the intermeeting rate cut in January.

Forex – Dollar spikes higher after faster-than-expected rise in US…
Forbes – Feb 20, 2008
The Labor Department said overall prices rose 0. 4 pct, slightly above the 0. 3 pct rise expected by economists polled by Thomson’s IFR Markets, and brings the annual rate of inflation to an unadjusted 4.

Forex – US dollar weaker Sydney morning after Fed slashes growth…
Forbes – Feb 20, 2008
The gloomy economic forecast was released alongside minutes from the Fed’s monetary policy meeting last month which showed central bankers were more concerned about stimulating economic growth than the prospect of rising inflation. The Fed cut its gross domestic product growth forecast for 2008 to between 1.

Instant access to the global forex market
japantoday.com – Feb 20, 2008
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