The News Review:

- FREX-Dollar firmer euro pares losses but vulnerable
- FREX-Dollar dips but supported by safe-haven appeal
- FREX-US dollar climbs to 6-week high vs yen euro off lows

FREX-Dollar firmer euro pares losses but vulnerable
Reuters -
2624 after low of $1. Europe woes hamper euro (Releads adds quotes updates prices changes byline) By Tamawa Desai LNDN Feb 20 ( Reuters) – The dollar was broadly firmer onFriday as concerns lingered about ailing banks and a globalrecession while the euro was lower but pared losses on hopesfor a solution to alleviate the euro zone’s problems. Germany’s foreign minister said on Friday a process hadbegun to consider how financially strong euro zone nations couldhelp weaker members of the currency union though it was tooearly to say what measures might be taken.

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-US dollar climbs to 6-week high vs yen euro off lows
Reuters -
futures have found a silver lining somewhere andthey’re pointing a little bit higher. com in Bedminster New Jersey. In early trading in New York the dollar rose 0.
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