The News Review:

- CORRECTION Forex – Dollar softens on gloomy outlook in IMF report
- Forex – Euro hits new record high against pound
- Forex – US dollar steady in Asian afternoon trade before ECB, G7…
- Monetary Authority of Singapore tightens forex policy to curb…
- Forex – US dollar slightly lower in Sydney morning trade on safe…

CORRECTION Forex – Dollar softens on gloomy outlook in IMF report
Forbes – Apr 9, 2008
In a report due Wednesday afternoon, the IMF will cut its annual global growth estimate to 3. 7 percent this year and 3. 8 percent in 2009, with losses stemming from the subprime crisis hitting $945 billion, according to leaks in the press. Growth in the United States has been cut to only 0.

Forex – Euro hits new record high against pound
Forbes – Apr 9, 2008
Weak housing market news — with Halifax on Tuesday reporting a 2. 5 percent monthly drop in prices in March — along with the ongoing turmoil in credit markets have heightened pressure on the BoE rate-setters to cut rates this month rather than wait until May. The pound has lost ground against the euro, which has touched a new record high of 0. 8000 pounds from lows of 0.

Forex – US dollar steady in Asian afternoon trade before ECB, G7…
Forbes – Apr 9, 2008
dollar was steady in Asian afternoon trading Wednesday as investors await the outcome of meetings of the European Central Bank (ECB) and the G7 industrialized countries. The ECB will discuss interest rates Thursday and central bankers and finance ministers from Canada, France, Germany, Italy, Japan, the United Kingdom and the United States will meet in Washington on April 11 to discuss the global economy amid turbulence in the credit markets. Investors also kept to the sidelines to await earnings reports in the United States that might give more clues about the state of the world’s biggest economy.

Monetary Authority of Singapore tightens forex policy to curb…
Forbes – Apr 9, 2008
The MAS is doing so by re-centering its policy band at the current strong level of the Singapore dollar nominal effective exchange rate (NEER). ‘Against this backdrop of continuing external and domestic cost pressures, an upward shift of the policy band at this point will help to moderate inflation going forward, while providing support for sustainable growth in the economy,’ the central bank said in its semi-annual policy statement. Annual inflation rose to a 25-year high of 6. 6 percent in January because of higher fuel, food and housing costs.

Forex – US dollar slightly lower in Sydney morning trade on safe…
Forbes – Apr 9, 2008
dollar was trading slightly lower against major currencies Thursday on caution ahead of central bank meetings in the U. and the Euro zone, although the downside was limited as safe-haven buying put US Treasuries on an upward path.