FREX-US dollar yen fall as risk appetite edges up

The News Review:

- FREX-US dollar yen fall as risk appetite edges up
- FREX-Euro rises supported by strong Ifo; yen slips
- FREX-Yen slides euro gains as risk aversion eases
- Euro British Pound Benefit From Rise in Risk Appetite (Forex Video)
- Bangladeshi Central Bank Intervenes In Forex Market Again

FREX-US dollar yen fall as risk appetite edges up
Reuters 
home sales up though driven partly by foreclosure (Recasts updates prices adds comment changes byline) By Gertrude Chavez-Dreyfuss NEW YRK Jan 26 (Reuters) – The dollar fell against theeuro and sterling on Monday as investors’ risk appetiteimproved after British bank Barclays said it would report a2008 pretax profit and U. data showed a jump in home sales. Stocks in Europe and on Wall Street advanced and the dollarrose against the yen as investors waded back into risky tradesafter taking cover last week in the wake of banking sectorworries and signs of a deepening global recession. The dollar has been the main beneficiary of the economicdownturn around the world.

FREX-Euro rises supported by strong Ifo; yen slips
Reuters 
German’s Ifo economic research institute said that itsbusiness climate index rose to 83. 0 in January from an upwardlyrevised 82. 7 in December exceeding forecasts and posting itsfirst improvement in eight months [ID:nBEB002299]. The figure suggested that businesses are slowly gainingconfidence following the government’s announcement of aneconomic stimulus package although analysts warned againstbecoming too optimistic about the German economy.

FREX-Yen slides euro gains as risk aversion eases
Reuters 
The euro hit a one-week high against the yen and the dollaras European shares inched higher but traders were cautiousabout pushing the single currency too high ahead of Germancorporate sentiment data due later in the day which is expectedto show a deterioration this month. Tokyo stocks had risen after the Japan launched a $16. 7billion scheme to buy shares in firms whose future has beenthreatened by the financial crisis [ID:nT89837].

Euro British Pound Benefit From Rise in Risk Appetite (Forex Video)
Daily FX NY 
- pportunities abound in the forex markets. Find out what the DailyFX Analysts have picked as their.

Bangladeshi Central Bank Intervenes In Forex Market Again
AHN 
Redistribution republication. syndication rewriting or broadcast is expressly prohibited without the prior written consent of AHN. –>Siddique Islam – AHN Correspondent Dhaka Bangladesh (AHN) – The central bank of Bangladesh intervened again in the inter-bank foreign exchange market on Monday through the purchase of U. dollars from a state-owned commercial bank (SCB). “The central bank has bought $50 million USD from the SCB to enable the bank comply with the net open position (NP) rules for holding foreign exchange properly” a senior official of the Bangladesh Bank (BB) the country’s central bank told AHN in Dhaka. He also said the BB will continue such intervention for minimizing the mismatch between demand and supply of the greenback in the market.
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