FOREX-Dollar down as risk tolerance rises on auto bailout

The News Review:

- FOREX-Dollar down as risk tolerance rises on auto bailout
- FOREX-Dollar yen slip on hopes for US auto bailout
- Are Managed Forex Accounts Suitable for Short-term Hedge Fund …
- Explosion in Forex Trading Ranges
- Brazil central bank sells $3.2 bln in forex swaps
- BOJ Shirakawa: Watching Forex Moves Carefully and Ready for Intervene

FOREX-Dollar down as risk tolerance rises on auto bailout
Reuters 
Analysts said fears of Bank of Japan intervention toprevent too much yen strength also weighed on the currencyafter BoJ Governor Masaaki Shirakawa said on Wednesday he waswatching forex moves carefully [ID:nTKF003197]. But few expected action any time soon. “A comment from BoJ Governor Shirakawa that the Ministry ofFinance has the option of intervening was a statement of factto lawmakers rather than a hint that intervention is imminent”said Brown Brothers Harriman in a note to clients.

FOREX-Dollar yen slip on hopes for US auto bailout
Reuters 
lawmakers to rescue stricken automakers. The euro hit a two-week high against the U.

Are Managed Forex Accounts Suitable for Short-term Hedge Fund …
HedgeCo.net FL 
net) – In an interview with Geneva based Forex trader and currency specialist Robert Paulson he said; "Trading the Forex market is for serious investors seeking alternative investment opportunities. " Sponsored by.
Related from Managementmonster: Saturday is Redemption Day for hedge funds

Explosion in Forex Trading Ranges
Seeking Alpha NY 
The daily average trading range has doubled for all of the actively traded currency pairs in 2008 with some currency pairs even seeing a 200% rise in their average daily range. However the big explosion in volatility has actually happened in the past 9 weeks.

Brazil central bank sells $3.2 bln in forex swaps
Reuters 
2 bln in forex swaps| Currencies| Reuters. 2 billion in dollar swaps in an auction on Tuesdayrolling over part of a similar batch of securities coming duenext month.

BOJ Shirakawa: Watching Forex Moves Carefully and Ready for Intervene
Daily FX NY 
08 Written by DailyFX Research Bank of Japan Governor Shirakawa warns he is carefully watching forex moves that affect the economy and said that sluggishness in Japan’s economy is increasing rapidly. He also warns that the Ministry of Finance has the option of intervention when the forex moves are big. The comments on the currency indicate increasing concern on the impact on exporters from rising JPY. His concerns over the sluggish economy come in the wake of the news that Japanese manufacturers will be extending holidays at year end due to falling demand. Earlier today BOJ Deputy Governor Nishimura also warned that credit risks for Japan firms are rising overall and that there is no end to the global financial crisis which continues to spread.

Add A Comment

© 2005-2010 Forex News