The News Review:

- Forex – Dollar steady ahead of key US news
- Forex – Dollar steady in afternoon Asian session ahead of US economic…
- Forex – Euro sets new record above 1.53 usd

Forex – Dollar steady ahead of key US news
Forbes – Mar 5, 2008
Earlier, the US currency recovered some ground as traders squared up positions ahead of a raft of US economic data. The euro’s move as high as 1. 5250 usd during yesterday’s session proved short-lived as investors awaited further clues on the health of the US economy and what the Federal Reserve will do at its next rate-setting meeting on March 18. The most important news today is likely to be the Institute for Supply Management services index for February.

Forex – Dollar steady in afternoon Asian session ahead of US economic…
Forbes – Mar 5, 2008
The Institute for Supply Management services index for February will be released later today, and the February non-farm payrolls data will be published Friday. ‘If these data show that the credit crunch is starting to affect corporate activity and the labor market more severely than had been expected, the dollar may resume its nosedive,’ said Mitsubishi (other-otc:.

Forex – Euro sets new record above 1.53 usd
Forbes – Mar 5, 2008
53 usd level for the first time ever before settling just below that mark. The dollar was also weaker against a host of currencies and has been on a pronounced downtrend over the past few weeks, leading the euro to a series of all time highs. Today’s falls comes amid growing expectations that Friday’s US employment report will show that the economy shed jobs in February. Today, the precursor to the non-farm payrolls, the ADP National Employment Report showed that private sector US firms cut 23,000 jobs during February.