The News Review:

- Tech Data 3Q Net Falls 55% Amid Forex Volatility
- FOREX-Dollar falls for 3rd day vs euro; risk aversion eases
- FOREX-Yen gains vs euro, dlr as stock markets fall
- Euro Consolidates Gains, Risk Trends to Continue Driving Forex …
- Market Overview by Forex Yard
- Forex Market Quiet as US Announces Citigroup Rescue Plan
- FOREX: Ringgit Opens Higher Against US Dollar

Tech Data 3Q Net Falls 55% Amid Forex Volatility
CNNMoney.com 
‘s (TECD) fiscal third-quarter net income slid 55% despiteimproved sales and margins as the information-technology provider grappled with”extreme” foreign currency volatility and said it wouldn’t issue an outlookbased on the current macroeconomic environment. For the quarter ended Oct. 31, the information-technology provider reportednet income of $18. 4 million, or 37 cents a share, compared with $40. 9 million,or 73 cents a share, a year earlier.

FOREX-Dollar falls for 3rd day vs euro; risk aversion eases
Reuters 
dollar fell for athird day against the euro on Tuesday after a government reportshowed the U. economy contracted in the third quarter in linewith expectations, easing fears of a steeper drop.

FOREX-Yen gains vs euro, dlr as stock markets fall
Reuters 
Boosting the low-yielding yen was a slide in European sharesafter optimism on news of a U. government bailout of Citigroup(C.
Related from Insurancemonster: Won’t Panic Selling Falling Shares Just Increase Insurance Premiums?

Euro Consolidates Gains, Risk Trends to Continue Driving Forex …
Daily FX, NY 
The central bank is concerned that a marked slowdown in economic activity will push inflation below the target 2% level as early as the end of this year. On balance, the forex market is likely to continue to eschew fundamental considerations as risk appetite rebounds, battering the greenback. A very strong showing on Wall St has carried over into overnight trading with key Asian bourses up over 4% and US index futures in positive territory. Investors’ exuberance may be fleeting however as the US GDP report threatens to show the world’s largest economy did worse than originally expected in the third quarter, shrinking -0. 5% versus early estimates at -0.

Market Overview by Forex Yard
Forex Hound, NY 
Lastly, on Wednesday, the Unemployment Claims figure will be announced. Forex traders should bear in mind that the last few weeks have shown that the U. S Dollar seems to be strengthening as a result of negative U. S data and not the other way around, which results in a type of pricing bubble. At some point the USD will meet an end to its recent bullish run. * EUR
EUR Remains at Low Levels against the USD
In the past week the EUR has retained its relatively low exchange rates against the major currencies, and forced most traders to go short.

Forex Market Quiet as US Announces Citigroup Rescue Plan
Daily FX, NY 
4%, Fueling Growth FearsNov 21 -. In return, Citi issue preferred shares to the US Treasury and FDIC. The Treasury will also invest $20 billion from the recently approved $700-billion Troubled Asset Relief Program into Citigroup in exchange for preferred stock paying an hefty 8% dividend. The bank agreed to comply with restrictions on executive compensations and implement an FDIC scheme to re-structure mortgages as part of the deal. A joint statement from the Treasury, FDIC, and the Federal Reserve said they will “use all of our resources to preserve the strength of our banking institutions.

FOREX: Ringgit Opens Higher Against US Dollar
Bernama, Malaysia 
dollar despite Bank Negara Malaysia decision to cut the overnight policy rate (OPR), dealers said. Bank Negara Malaysia, at its Monetary and Policy Committee (MPC) meeting yesterday, decided to slash the OPR to 3.