The News Review:

- Forex – Euro comes off highs as inflation data meets expectations
- Forex – US dollar softer against yen, steady against euro in early…
- Forex – Euro hits fresh record high against dollar of 1.5256 usd

Forex – Euro comes off highs as inflation data meets expectations
Forbes – Mar 3, 2008
Euro zone HICP inflation remained at 3. 2 pct in February, the same as in January and in line with the market consensus. Although the indicator remains significantly above the ECB’s 2. 0 pct target, the release calmed worries that inflation could set a new series increase.

Forex – US dollar softer against yen, steady against euro in early…
Forbes – Mar 3, 2008
The Institute for Supply Management (ISM) said that the US manufacturing index came in at 48. 3 in February — higher than the 48. Before the release of the ISM data, the dollar hit 102.

Forex – Euro hits fresh record high against dollar of 1.5256 usd
Forbes – Mar 3, 2008
5256 usd as markets price in yet another interest rate cut from the Federal Reserve this month. The dollar has dropped sharply since Fed Chairman Ben Bernanke last week signalled more rate cuts are due despite high inflation, a message delivered by another Fed rate-setter today. Philadelphia Federal Reserve Bank President Charles Plosser said the spike in US inflation was ‘worrisome but also highly uncertain’, suggesting the Fed hopes weaker growth will diminish price pressures. Plosser said he does not believe the US is in a recession, but that the economy will experience ‘very slow growth’ in the first half of the year.