The News Review:

- FREX-Dollar falls sharply; US jobs in focus
- Backtest Your Forex Trading System! (TradingMarkets.com)
- Brazil’s spot forex sales rise to $14.5 bln-c.bank
- FREX-Euro gives back gains after Bernanke US housing data
- Daily Forex Market Summary
- fficial: No need to adjust China’s forex structure
- FREX-Euro slips vs dollar before ECB rate verdict

FREX-Dollar falls sharply; US jobs in focus
Reuters
jobs * Euro jumps 0. jobless figures due at 1330 GMT gave an excuse for investorsto book profit from the U. unit’s rally to three year highs.

Backtest Your Forex Trading System! (TradingMarkets.com)
Financial News USA (press release)
Walter Peters PhD is a professional forex trader and money manager for a private forex fund. In addition Walter is the co-founder of Fxjake. com a resource for forex traders. Walter loves to hear from other traders he can be reached by email at walter@fxjake.

Brazil’s spot forex sales rise to $14.5 bln-c.bank
Reuters
bank| Currencies| Reuters. 5billion in intervention in the spot foreign exchange marketsince early ctober to meet growing demand for the U.
Related from International-lifestyles: Condom sales experiencing solid growth

FREX-Euro gives back gains after Bernanke US housing data
Reuters
Johnson NEW YRK March 3 (Reuters) – The dollar rose against theyen on Tuesday after weak U. housing data and a warning fromFed Chairman Ben Bernanke that more must be done to securemarket stability enhanced the greenback’s safe-haven appeal.

Daily Forex Market Summary
International Business Times
Data showed the US unemployment rate hit a 25-year high of 8. 1% after employers cut 651000 jobs in February. These figures reinforced worries of a deepening US recession. In addition to worries of a deepening US recession a top International Monetary Fund official indicated the world’s developed economies were in the deepest slump since World War II and this downturn could last well into the next year.

fficial: No need to adjust China’s forex structure
China Daily
The structure of China’s forex reserve remains sound Wu Xiaoling deputy head of the financial and economic committee of the NPC and the former vice governor of the central bank was quoted by China Securities Journal as saying. Wu opposes the proposal that China use its colossal foreign exchange reserve to help State-owned companies acquire overseas mineral resources. The government and companies should raise yuan funds and buy foreign exchanges in a bid to finance overseas acquisition instead of using the country’s foreign exchange reserve Wu said. 95 trillion in foreign exchange reserves by the end of last year the world’s largest.

FREX-Euro slips vs dollar before ECB rate verdict
Reuters
Sterling also fell against the U. currency as the Bank ofEngland looks set to lower interest rates to close to zero onThursday and announce it will start raising the money supply todrag Britain out of recession. [ID:nL4526405] The dollar stayed within sight of a four-month high againstthe yen as investors were concerned about a deteriorating economyand deepening political uncertainty in Japan.