The News Review:

- FREX-Dollar dips but supported by safe-haven appeal
- FREX-Dollar falls vs euro as stocks gain
- FREX-US dollar at 6-week peak vs yen bama targets foreclosure

FREX-Dollar dips but supported by safe-haven appeal
Reuters -
10percent on Thursday as expected but extended the deadline forits buying of commercial paper to help corporate funding as itbattles the credit crunch with the economy in its deepest slumpin more than the three decades. [ID:nTKU003268] With little room to cut overnight rates after bringing themdown to near zero late last year the BJ is focusing on ways toimprove funding conditions for financial institutions andcompanies in an economy hit hard by the global slump. “There is an emerging view that the yen may not be soappropriate to buy unlike before at times of risk aversion”said Minoru Shioiri chief manager of forex trading at MitsubishiUFJ Securities. Political uncertainty in Japan was adding to gloom about theeconomy in contrast with the U. and European governments’swift moves to combat the global recession traders said.

FREX-Dollar falls vs euro as stocks gain
Reuters -
The euro was also attractive to traders because it neared athree-month low this week but held above the psychologicallyimportant $1. 25 level analysts said. “There’s a lot of bargain hunting going on plus a littlebit better risk appetite across the board following yesterday’sannouncement by the bama administration” to stem U. homeforeclosures said Boris Schlossberg director of currencyresearch at GFT Forex in New York. In early trading in New York the euro climbed 1.
Related from Cghyjx: Pingdingshan and Chinese coal stocks rise on profit gain

FREX-US dollar at 6-week peak vs yen bama targets foreclosure
Reuters -
Johnson NEW YRK Feb 18 (Reuters) – The U. dollar stormed above93 yen for the first time in six weeks on Wednesday and neareda three-month peak against the euro after President Barackbama pledged up to $275 billion to stem U.