The News Review:

- Forex – Euro rises back towards 1.56 vs dollar on news of Bear…
- Forex – Dollar resumes fall on speculation Fed to keep cutting rates
- Forex – Dollar recovers after steep falls as intervention rumours…
- Forex – Dollar gains as tame CPI data dampens stagflation fears
- Forex – Euro strikes fresh all-time high vs sterling
- Kenya: Country Eyes Sh3.4bn Forex Savings From Biodiesel

Forex – Euro rises back towards 1.56 vs dollar on news of Bear…
Forbes – Mar 14, 2008
56 mark against the US dollar as the Federal Reserve and JPMorgan Chase said they will provide financing to Bear Stearns. Bear Stearns (nyse:.

Forex – Dollar resumes fall on speculation Fed to keep cutting rates
Forbes – Mar 14, 2008
The Fed will likely cut rates by 50 basis points next week and by another 25 basis points in April, said Philip Wee, currency strategist at DBS Bank. ‘We remain quite wary about the dollar,’ Wee said. ‘There are still a lot of uncertainties on the global economy. Attempts to stabilize the dollar have failed.

Forex – Dollar recovers after steep falls as intervention rumours…
Forbes – Mar 14, 2008
Though actual intervention is generally viewed as unlikely, the market is increasingly jittery, especially after the dollar hit a new 12-year low of below 100 yen and the euro surged to a fresh record high of 1. ‘Rumours from market players that central banks had been checking rates.

Forex – Dollar gains as tame CPI data dampens stagflation fears
Forbes – Mar 14, 2008
Both the headline and core inflation figures were unchanged in February from January, missing Thomson’s IFR Markets’ consensus expectations for overall inflation to rise by 0. 3 pct, and the core rate to increase 0. ‘Fears of stagflation were dampened by the CPI results helping to bolster the US dollar,’ said Rhonda Staskow at Thomson IFR Markets ‘Subdued CPI gives the Federal Reserve the excuse to maintain aggressive rates cuts,’ she added.

Forex – Euro strikes fresh all-time high vs sterling
Forbes – Mar 14, 2008
15 pm GMT the euro was trading at 0. 7692 stg, a touch off a new all-time record of 0.

Kenya: Country Eyes Sh3.4bn Forex Savings From Biodiesel
AllAfrica.com – Mar 14, 2008
4 billion annually on its oil importation bills by substituting fossil fuels like petrol and diesel, with biodiesel. Besides reducing carbon dioxide emissions, the country’s savings could further rise to Sh4. 9 million, if biodiesel will be priced at Sh45 shillings per litre, instead of the current average of Sh80 per litre paid by motorists for normal diesel at petrol stations. GA_googleFillSlot(“AllAfrica_Story_Inset”);Kenya spends substantial amounts of its foreign currency reserves on fuel imports. The 2007 National Economic Survey indicates that the country’s petroleum imports bill increased by Sh18 billion, up from Sh95 billion in 2005, to Sh113 billion in 2006.