The News Review:

- Forex – Dollar rebounds against euro in Asian afternoon trade ahead…
- Hong Kong forex reserves up slightly in March to 160.7 bln usd
- Forex – Pound drops as Halifax reports biggest house price fall in…

Forex – Dollar rebounds against euro in Asian afternoon trade ahead…
Forbes – Apr 8, 2008
dollar rebounded against the euro in volatile afternoon trade in Asia on Tuesday on speculation that officials attending the G7 meeting this week will address the volatile foreign exchange markets, including the weakness of the greenback. Central bankers and finance ministers from the U.

Hong Kong forex reserves up slightly in March to 160.7 bln usd
Forbes – Apr 8, 2008
7 bln usd at the end of March, up slightly from 160. 2 bln at end-February, the Hong Kong Monetary Authority (HKMA) said. Hong Kong is the world’s ninth largest holder of foreign currency reserves based on the latest published figures, after mainland China, Japan, Russia, India, Taiwan, Korea, Brazil and Singapore. The total foreign currency reserve assets of 160.

Forex – Pound drops as Halifax reports biggest house price fall in…
Forbes – Apr 8, 2008
HBOS PLC unit said house prices fell by a massive 2. 5 percent, the worst reading since September 1992 and way below analysts’ forecasts for a much smaller 0. On a quarterly basis meanwhile, house prices also fell, by 1.