Forex – Euro continues to weaken as eurozone proves vulnerable to…

The News Review:

- Forex – Euro continues to weaken as eurozone proves vulnerable to…
- Forex – Dollar comes off daily highs ahead of weekend
- Johnson Outdoors quarterly net income falls after forex loss

Forex – Euro continues to weaken as eurozone proves vulnerable to…
Forbes – Apr 25, 2008
The German Ifo business climate indicator Thursday fell to 102. 8 in March, well below analysts’ forecasts of a decline to 104.

Forex – Dollar comes off daily highs ahead of weekend
Forbes – Apr 25, 2008
Federal Reserve suggests it is done cutting interest rates. The greenback has benefited from speculation that the Federal Reserve’s expected rate cut next week may well be its last. With equity markets stabilised and a growing sense that the bulk of subprime-related writedowns have been revealed, the Fed may opt for more caution over inflation.

Johnson Outdoors quarterly net income falls after forex loss
MarketWatch – Apr 25, 2008
said that second-quarter net income fell to $0. 5 million, or 5 cents a share, from $1. 7 million, or 19 cents a share, a year ago. On an adjusted basis, earnings per share totaled 9 cents a share. Analysts had been expecting earnings of 23 cents a share, according to data compiled by FactSet.

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