FREX-Dollar rises on safe-haven bid after US GDP slumps

The News Review:

- FREX-Dollar rises on safe-haven bid after US GDP slumps
- FREX-Yen hits 3-mth low vs dlr as bets against it mount
- Forex Volatility to Remain High Next Week on ECB BE RBA BC …

FREX-Dollar rises on safe-haven bid after US GDP slumps
Reuters
Q4 GDP falls more than expected * Citi news adds to dollar’s safe-haven allure * Yen rebounds with repatriation flows (Recasts adds comments updates prices changes byline) By Vivianne Rodrigues NEW YRK Feb 27 (Reuters) – The dollar climbed broadly onFriday as a sharp contraction in the U. economy the weakestU. stock markets in 12 years and a new rescue attempt forCitigroup fueled safe-haven buying of the greenback.
Related from Yolog: Dollar Rises as US Stocks Housing Report Spur Haven Demand

FREX-Yen hits 3-mth low vs dlr as bets against it mount
Reuters
The yen has shed more than 10 percent since hitting a 13-yearhigh of 87. “It is possible that the dollar will temporarily rise near100 yen” Takahide Nagasaki chief forex strategist at DaiwaSecurities SMBC said in a note to clients. Nagasaki said the dollar was gaining strength as the yen’soutlook which has been hurt by political uncertainty and lowexpectations for stimulus plans to help the economy has shown nosign of improving.

Forex Volatility to Remain High Next Week on ECB BE RBA BC …
Daily FX
Reserve Bank of Australia Rate Decision – March 2 The Reserve Bank of Australia is anticipated to cut rates in their sixth consecutive meeting at 22:30 ET on Monday with a Bloomberg News poll of economists calling for a 25 basis point cash rate target reduction to a record low of 3. However only a larger-than-expected rate cut or comments suggesting they will continue to reduce rates aggressively may weigh on the.

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