The News Review:

- FREX-US dollar yen surge as risk appetite diminishes
- Market verview by Forex Yard
- Forex Market Update: Dollar and Yen Gain as Risk Aversion …
- Zimbabwe okays forex use to prop up economy
- $5000 Forex Account Bonus from United World Capital Limited
- DJ Forex Prices Curb Early Week Brazilian Coffee Support
- FREX-Dollar gains vs yen as risk appetite improves

FREX-US dollar yen surge as risk appetite diminishes
Reuters 
30 and plunged against the yen afterbillionaire investor George Soros told an Austrian newspaperthat the currency may not survive without a European Union planto deal with toxic assets. For details see [ID:nN29299007] A warning from European Central Bank President Jean-ClaudeTrichet that the ECB could push interest rates below 2 percentand use other measures to boost growth also hit the euro asdid data showing the biggest monthly jump in Germanunemployment in four years. “This is basically a liquidation of euros with Soros’comments the latest catalyst” said Brian Dolan chief currencystrategist at Forex. com in Bedminster New Jersey. “There has been an unwinding of the risk trade as the datacame in lousy stocks (were) dumped and risk sentiment isreversed. We’re kind of in this risk-on risk-off environment”he added.

Market verview by Forex Yard
Forex Hound NY 
However if the figures are in line with forecasts or worse then the EUR may make additional losses today vs. the Dollar Pound and Yen. Forex traders are advised to pay attention to GDP figures coming from the U. and Consumer Confidence data coming from Britain later today as this may determine the Euro’s strength against the GBP and USD into the middle of next week. * JPYYen to Rise Further Due to Government InsufficiencyThe Japanese Yen may rise further through the end of the country’s fiscal year on March 31 as exporters buy the currency to hedge revenues and money managers bring funds home amid the global slump. Analysts forecast that the market should expect even further Yen appreciation as the Japanese fiscal year comes to a close as both corporate hedging and investor repatriation flows support the currency.

Forex Market Update: Dollar and Yen Gain as Risk Aversion …
Daily FX NY 
Weak data in Europe and the U. on Thursday coupled with the slide in U.

Zimbabwe okays forex use to prop up economy
Africasia UK 
A hospital visit for an adult will cost eight US dollars a term at medicine school will cost 1800 US dollars and a kilowatt of power is now charged at 98 US cents. “Given that all transactions can now legally be undertaken in either local or foreign currency government is simplifying the licensing requirements and arrangements to transact in foreign currency” Chinamasa said. Previously only licensed businesses could trade in forex at a fee of 20000 US dollars to buy basic goods. Civil servants will be paid in local currency but will be given a monthly forex allowance the proposed budget stated. The country’s world-record hyperinflationary environment — last officially set at 231 million percent — has led the central bank to slash 13 zeros from the local unit over the past three years in a bid to make the currency more manageable. Earlier this month the bank indicated it would introduce a 100 trillion dollar note in its latest attempt to keep pace with conditions that has left its once-vibrant economy in tatters.

$5000 Forex Account Bonus from United World Capital Limited
PR Web (press release) WA 
15 and throughout 2009 United World Capital Ltd. will carry out an unparalleled campaign aimed to increase traders' awareness and understanding of the. The first 4100 clients to open a real trading account during the campaign will receive a bonus up to $5000!United World Capital Ltd.

DJ Forex Prices Curb Early Week Brazilian Coffee Support
MarketWatch (press release) 
Brazil’s physical coffee export trade was being transacted Thursday at between 21 and 23. 50 cents under the ICE March contract for shipment in March onwards. That is more expensive than around 21 cents under the same contract last week mainly due to the forex conditions said Wolthers. ther traders said that although the forex and prices weren’t helping on Thursday the Brazilian coffee trade was still buoyant during the week due to good fundamentals. A trader at Futura Commodities in Sao Paulo pegged the cyclically smaller crop at around 40 million 60-kilogram bags. This means that there will be less coffee from the 2009-10 crop compared to the bumper crop of around 50 million bags in 2008-09. This week coffee prices in the spot market have been good at up to BRL290 per 60-kilogram bag for a high quality arabica coffee he said.
Related from Cupocoffee: Falling Milk Prices May Provide Comfort To Food Companies

FREX-Dollar gains vs yen as risk appetite improves
Reuters 
dollar firmed againstthe yen while higher-yielding currencies such as theAustralian and New Zealand dollars gained on Tuesdaybenefiting from a modest increase in risk appetite as moststock markets around the world rose. Wall Street shares are set for a higher open withinvestors hoping new Treasury Secretary Timothy Geithner willact quickly to ease the impact of the nation’s worst downturnin decades. Risk demand further improved after Japan launched a $16.