The News Review:

- FOREX-Dollar yen rise as global gloom deepens with US jobs
- FOREX-Dollar falls to 6-week low vs yen on payroll shock
- FOREX-Euro gains pound off lows after big rate cuts
- Citic Pacific Raises Loss on Forex Bet

FOREX-Dollar yen rise as global gloom deepens with US jobs
Reuters 
payrolls data show steepest fall in 34 years * Markets fully price another half-point U. rate cut * For up-to-the-minute market news click on FXNEWS (Updates prices adds quotes) By Gertrude Chavez-Dreyfuss NEW YORK Dec 5 (Reuters) – The dollar climbed againstEuropean currencies while the yen rallied on Friday as economicworries worldwide deepened after a report showing the steepestmonthly fall in U. The yen had rallied to six-week highs against the dollarimmediately following the U.

FOREX-Dollar falls to 6-week low vs yen on payroll shock
Reuters 
payrolls data show steepest fall in 34 years * Dollar falls to 6-week low vs yen but rises vs euro * Markets fully price another half-point rate cut * For up-to-the-minute market news click on FXNEWS (Recasts updates prices adds quotes changes bylinedateline; previous LONDON) By Gertrude Chavez-Dreyfuss NEW YORK Dec 5 (Reuters) – The dollar fell to a six-weeklow against the yen on Friday after government data showed theU. economy lost more than half a million jobs in Novemberthe worst performance in 34 years. The dollar however rose against the euro as investorsagain sought shelter in the U.

FOREX-Euro gains pound off lows after big rate cuts
Reuters 
The Bank of England cut its benchmark rate by 100 basispoints to 2 percent the lowest level since 1951 and saidfurther steps would be required to prevent a credit squeezetipping Britain’s economy into deep recession. “It comes back to the theme of proactive rate cuts are seento be beneficial for the longer-term economic outlook” saidBrian Dolan chief currency strategist at Forex. com inBedminster New Jersey. “Had they done only 50 you probably would see the eurounder pressure more than it is” Dolan said of the ECB. Midway through the New York session the euro was up 0.
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Citic Pacific Raises Loss on Forex Bet
Wall Street Journal 
–>Citic Pacific Raises Loss on Forex Bet ArticleCommentsmore in Asia » HONG KONG — Citic Pacific Ltd. disclosed larger losses than estimated from its foreign-exchange contracts due to the weakness of the Australian dollar. Citic Pacific said its realized and potential losses from unauthorized foreign-exchange contracts had risen to a total of 18. 6 billion Hong Kong dollars (US$2. 4 billion) as of Nov.