The News Review:

- Forex – Taiwan dollar hits 10-yr high after Ma’s election victory…
- Forex – US dollar gains in afternoon Asian trading as commodity…
- Tanzania: BOT Using Forex Sales to Reduce Reliance On Treasury Bills
- 5 Most Important Events for the Forex Market This Week
- Forex News: Japanese Manufacturing Confidence Falls, Can a Headless…
- China’s $2 tln forex assets to prop up more m&a overseas
- FOREX: Ringgit Closes Lower Against US Dollar

Forex – Taiwan dollar hits 10-yr high after Ma’s election victory…
Forbes – Mar 24, 2008
Kuomintang party’s Ma won Saturday’s vote on a campaign to improve Taiwan’s economic ties with mainland China. 11 pm, the Taiwan dollar was at 30. 200, compared with previous session’s close of 30.

Forex – US dollar gains in afternoon Asian trading as commodity…
Forbes – Mar 24, 2008
‘The dollar’s rebound appears to have conincided with the tumble in commodities but it is notclear whether they are directly related,’ said Thomas Lam, currency strategist at United Overseas Bank. The dollar has been rebounding since the Federal Reserve lowered its key rate by asmaller-than-expected 75 basis points last Tuesday but Lam said expectations of further rate cuts will cap the dollar’s gains. 10 pm (0410 GMT), the dollar was at 99. 95 yen, compared to 99.

Tanzania: BOT Using Forex Sales to Reduce Reliance On Treasury Bills
AllAfrica.com – Mar 24, 2008
The central bank has in the past relied heavily on the sale of Treasury-bills to mop up excess liquidity in the financial system. GA_googleFillSlot(“AllAfrica_Story_Inset”);Prof Benno Ndulu, Governor of the Bank of Tanzania, told The EastAfrican in Dar es Salaam that in order to achieve reasonable market-determined interest rates and minimise the adverse impact of high interest rates on domestic credit, the bank had opted to use various strategies. Prof Ndulu said the measures taken included stepped up foreign-exchange sales in the inter-bank market for sterilisation purposes, thereby reducing reliance on Treasury-bills. "Subsequently, this eased pressure on interest rates and influenced competitive bidding in the Treasury-bills market, thus reducing interest rates on Treasury-bills and bonds.

5 Most Important Events for the Forex Market This Week
Daily FX – Mar 24, 2008
We’ve already seen the greenback start the week on a strong note, but will the currency continue to rack up gains? What to Watch This Week. 5in; text-indent: -0.

Forex News: Japanese Manufacturing Confidence Falls, Can a Headless…
Daily FX – Mar 24, 2008
9, according to the Japanese Business Sentiment Indicator. slowdown and higher input costs weighed on manufacturers whose shaken confidence dragged the overall industry indicator down to -9.

China’s $2 tln forex assets to prop up more m&a overseas
People's Daily Online – Mar 24, 2008
execCommand(“saveAs”)>. dollars of foreign exchange asset over the past 30 years, which is expected to stimulate more mergers and acquisitions (m&a) overseas, top officials of major Chinese lenders said on Saturday. Contrasting the fast-growing hoard held by both government and residents, China’s fixed-assets due to overseas investment reached100 billion U.

FOREX: Ringgit Closes Lower Against US Dollar
Bernama – Mar 24, 2008
The softening crude palm oil prices continued to weigh down on the local currency, causing it to buck the firmer Asian currencies trend. This saw the Taiwan dollar hitting its highest level in 10 years against the greenback while other regional currencies in Asia also performed strongly against the US dollar. In today’s trading, the ringgit closed easier against the greenback at 3.