The News Review:

- FREX-Pound hits new 23-year low vs dollar euro slides
- FREX-Yen boosted as Asian shares shunned
- Brazil Coffee Trade Intensifies n Favorable PricesForex

FREX-Pound hits new 23-year low vs dollar euro slides
Reuters 
A tumble in European shares to a six-year low promptedinvestors to dump risky assets which boosted the dollar to itshighest level against a basket of currencies since earlyDecember and triggered another dramatic broad rally in the yen. “In an environment where risk aversion has remained elevatedinversely to the slide in equity markets we’re seeing thedollar and the yen continue to be the net beneficiaries whilesterling and the euro are seeing some pretty sizeable shifts”said Jeremy Stretch strategist at Rabobank in London. 3500 its weakest since September 1985 after data showed the UK economycontracted by 1.
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FREX-Yen boosted as Asian shares shunned
Reuters 
Trade was subdued given few major economic events ahead ofthe weekend and the Chinese New Year holidays next week thoughthat exaggerated moves in the market traders said. The Japanese currency hovered near a 13-½ year high againstthe dollar and stayed in sight of a seven-year peak against theeuro hit earlier this week due to global banking woes. Gains in the yen picked up after Tokyo’s Nikkei share average. N225 extended losses dropping 3.

Brazil Coffee Trade Intensifies n Favorable PricesForex
Wall Street Journal 
–>Brazil Coffee Trade Intensifies n Favorable PricesForex ArticleCommentsmore in. March arabica coffee settled up 190 points at $1. 1945 a pound Thursday while the dollar remained steady against the Brazilian real.