The News Review:

- Forex – Dollar rises on news of coordinated central bank action UPDATE
- Forex – Euro rises following stronger than expected ZEW survey UPDATE
- Forex – Dollar rises against yen on reports Fed looking to shore up…

Forex – Dollar rises on news of coordinated central bank action UPDATE
Forbes – Mar 11, 2008
The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve, and the Swiss National Bank have all announced measures to ease strains on money markets. The news led to speculation that the Federal Reserve is more likely to opt for a 50-basis-point interest rate cut next week as opposed to a more aggressive 75-basis-point move, analysts said. ‘Foreign exchange markets are reacting to the lower probability of an aggressive move from (the) Fed next week,’ said Divyang Shah at Commonwealth Bank.

Forex – Euro rises following stronger than expected ZEW survey UPDATE
Forbes – Mar 11, 2008
The ZEW March economic expectations index climbed to -32. 5 last month, much stronger than the -40. 0 analysts were expecting.

Forex – Dollar rises against yen on reports Fed looking to shore up…
Forbes – Mar 11, 2008
The Fed is widely expected to cut US interest rates by 75 basis points when it meets next week but reports are now circulating that it could also implement a series of other measures to improve liquidity conditions. These include the Fed purchasing mortgage-backed securities issues and offering to lend directly to non-banks. These reports lifted stocks markets in Asia and pushed up the yields on US Treasuries as investors’ worries about the state of the American financial subsided slightly. Ashley Davies, currency strategist at UBS (nyse:.