The News Review:

- Forex – Dollar rangebound in afternoon trade in Asia ahead of ECB…
- FOREX Slovak crown jumps to new all-time high on euro adoption news
- Indonesia’s Darma Henwa returns to profit in Q1 on forex gain
- Forex – Dollar remains near highs despite more weak US housing data

Forex – Dollar rangebound in afternoon trade in Asia ahead of ECB…
Forbes – May 7, 2008
dollar was stuck in narrow ranges against the euro and the yen on Wednesday afternoon in Asia ahead of the European Central Bank (ECB) interest rate-setting meeting tomorrow. Investors are also waiting for more economic data from the U.

FOREX Slovak crown jumps to new all-time high on euro adoption news
Forbes – May 7, 2008
Slovakia will become the euro zone’s 16th member and the second country from Eastern Europe’s former communist bloc to join. The currency strengthened to 31. 985 per euro above the previous high of 32. 1 crowns hit earlier in the day before the European Commission announced its decision.

Indonesia’s Darma Henwa returns to profit in Q1 on forex gain
Forbes – May 7, 2008
The company booked a net profit of $2. 0 million, against a loss of $877,106 a year ago, it said. Sales jumped 31 percent to $59. 44 million from $45.

Forex – Dollar remains near highs despite more weak US housing data
Forbes – May 7, 2008
housing data continued to disappoint. 0 percent fall in pending home sales in March for a massive 20.