The News Review:

- Forex – Dollar steadies after sharp overnight falls ahead of Bernanke…
- Forex – Dollar sinks to new lows as US homes sales slump
- Forex trading expo lined up in Bahrain
- China warns foreign banks on forex rules
- FOREX: Ringgit Sharply Higher, At Yet Another 10-year High
- BRIEFING – ASIA FOREX – FEB 27, 2008.

Forex – Dollar steadies after sharp overnight falls ahead of Bernanke…
Forbes – Feb 27, 2008
The dollar plummeted against a range of currencies in Asian trade, with the euro surging through the all-important 1. The move came as yesterday’s very weak consumer confidence and housing market data emphasised the dangers of a recession in the US, while very strong PPI inflation data added stagflation fears into the mix. ‘In the currency markets, nagging doubts over price stability have seen investors resume their focus upon currencies whose central banks are firmly in inflation-fighting mode,’ said Neil Mellor at the Bank of New York (nyse:.

Forex – Dollar sinks to new lows as US homes sales slump
Forbes – Feb 27, 2008
Data just out revealed that sales of new homes in the US fell to a 13-year low in January despite a record annual drop the median sales price, leaving builders with the biggest inventory overhang since the 1981 recession. Earlier, official figures showed US durable goods orders fell by 5. 3 pct in January, far worse than the 3. 5 pct fall analysts had expected.

Forex trading expo lined up in Bahrain
Gulf Daily News – Feb 27, 2008
The event will run from April 23 to 24 at the Crowne Plaza Hotel. “Bahrain has become one most advanced economies of the Gulf region,” said Arabcom Group founder and president Katia Tayar. “Recent research shows Bahrain’s economy is 72. 2 per cent free and it is the world’s 19th freest economy and inflation is relatively low,” she said.

China warns foreign banks on forex rules
Pakistan Dawn – Feb 27, 2008
“Some foreign banks have ignored compliance requirements, are weak in disciplining themselves and are not checking the authenticity and implementation of China’s forex regulations,” Deng Xianhong, vice head of the State Administration of Foreign Exchange (SAFE), said at a forum. “This kind of behaviour not only increases risks of the banks themselves, but may result in higher systematic risks in the banking system and eventually hurt the economy and have negative effects. ”
In June last year, SAFE announced that it had disciplined 29 banks, including 19 domestic banks, for assisting foreign speculative capital to enter China’s stock and real estate markets disguised as “trade or investment. ”
It said the funds had a “definite” impact on China’s macroeconomic conditions, pressuring the central bank’s monetary policy operations and the international balance of payments.

FOREX: Ringgit Sharply Higher, At Yet Another 10-year High
Bernama – Feb 27, 2008
dollar today, touching yet another 10-year high at 3. 202 in tandem with the rally of Asian currencies today, underpinned by the dollar’s weakness. The Singapore dollar and the ringgit topped the list of major gainers in currency markets with both currencies reaching their strongest level since a decade ago.

BRIEFING – ASIA FOREX – FEB 27, 2008.
Free with registration – AsiaPulse News – AccessMyLibrary.com – Feb 27, 2008
com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. FOREX – US DOLLAR DOWN AGAINST TAIWAN NEW DOLLAR – FEB 27, 2008 TAIPEI – The U.