The News Review:

- Hexaware’s Q1 net profit falls after forex loss; revenues in line…
- Forex – Slovak crown rises after EU data shows on track for euro…
- Forex – Dollar rangebound ahead of FOMC meeting; Japan on holiday
- Forex – Dollar inches higher before Fed verdict
- KPIT Cummins MTM loss in forex deals at Rs 89.2 cr
- Fusion Media Announce the Release of the Live Forex Economic Calendar…

Hexaware’s Q1 net profit falls after forex loss; revenues in line…
Forbes – Apr 28, 2008
said its first-quarter net profit fell, hit by a market-to-market forex loss of 56. 0 million rupees in view of changed accounting policy, but its revenues were in line with the quarterly guidance. For the quarter-to-end March, the IT and BPO services provider posted net profit of 208. 57 million rupees, against 351.

Forex – Slovak crown rises after EU data shows on track for euro…
Forbes – Apr 28, 2008
The crown gained almost half a percent against the euro before settling to 32. 25, after the European Commission’s newest forecasts showed it believed average annual inflation would fall to 3. 2 percent next year. Analysts said the forecasts also showed that figure was below the target likely to be set according to the Maastricht criteria for joining the euro zone.

Forex – Dollar rangebound ahead of FOMC meeting; Japan on holiday
Forbes – Apr 28, 2008
dollar was slightly firmer against major currencies in narrow-range trading on Tuesdayahead of the Federal Open Market Committee (FOMC) meeting with volumes down becauseJapan’s financial markets were closed for a public holiday. ‘The FOMC and the data will determine the next move in the foreign exchange markets, but sentiment is certainly more positive towards a correction in the U. dollar than has been the case for a while,’ said John Noonan, a senior foreign exchange analyst at Thomson IFR Markets. Noonan was referring to U.

Forex – Dollar inches higher before Fed verdict
Forbes – Apr 28, 2008
rate decision which is expected to signal an end to the Fed’s rate cuts. With oil prices staying close to the $120 a barrell barrier, inflation is a significant worry and now will be just the time for U.

KPIT Cummins MTM loss in forex deals at Rs 89.2 cr
Economic Times – Apr 28, 2008
2 crore as on March 31. Since the company has not cancelled
the contracts as of March 31, 2008, this will considered as non-cash or notional
loss. During the year ended March 31,
apart from forward contracts, the company entered into forex derivative
transactions to the tune of $ 42. 6 million covering a period of next five years.

Fusion Media Announce the Release of the Live Forex Economic Calendar…
PowerHomeBiz.com – PowerHomeBiz.com (press release) – Apr 28, 2008
, a leading provider of the most advanced Forex Trading
portals, announces the release of its Live Forex Economic Calendar available
in English, Spanish, Russian, Arabic, Chinese, Portuguese, German, French &
Italian. (news continued below).