The News Review:
- Forex – Dollar in retreat as global stocks surge
- Forex – US dollar mixed after losing ground overnight on weak data
- FOREX: Ringgit Higher Against US Dollar In Early Trade
Forex – Dollar in retreat as global stocks surge
Forbes – Mar 25, 2008
Analysts said dollar weakness is likely to remain the predominant theme in the markets. The US currency closed out last week quite strongly in light trade as traders squared up positions ahead of the Easter weekend. The euro fell back down toward the 1. 54 usd mark at one stage.
Forex – US dollar mixed after losing ground overnight on weak data
Forbes – Mar 25, 2008
The US Conference Board said its consumer confidence index fell to 64. 5 in March from 76. 4 in February — the lowest reading since March 2003 and well below the 73. 5 reading the market had expected.
FOREX: Ringgit Higher Against US Dollar In Early Trade
Bernama – Mar 25, 2008
dollar in early trade Tuesday as the local currency rebounded from its earlier losses as crude palm oil futures prices recovered yesterday, dealers said. As palm oil is a major contributor to Malaysia’s exports, movements in palm oil prices will have a significant influence on the strength of the ringgit, dealer said.