The News Review:

- CRRECTED – CRRECTED-FREX-Dollar dips as risk aversion eases …
- FREX-Dollar gains broadly as stocks fall on banking woes
- *Central bank resumes forex-selling auctions
- Forecast on Currency Majors – 9th March 2009 : by IFA : India …
- FREX-Dollar falls sharply; US jobs in focus
- China can buy more gold oil with forex -official
- Forex losses push down Bayan 2008 results

CRRECTED – CRRECTED-FREX-Dollar dips as risk aversion eases …
Reuters
notlosses) * Dollar dips vs yen and euro as risk aversion eases * Friday’s U. jobs data not as bad as some had feared * Dollar index off last week’s three-year peak * Japan record current account deficit in Jan weighs on yen By Masayuki Kitano TKY March 9 (Reuters) – The dollar dipped against the euroon Monday as investors trimmed safe-haven buying of the dollarafter last week’s U. payrolls data showed that job losses wereless severe than many had feared. The yen trimmed its gains versus the dollar and dippedagainst the euro weighed down by data showing that Japan posteda record current account deficit of 172.
Related from Rizzicreations: CRRECTED-Jaguar Land Rover says does not want govt bailout

FREX-Dollar gains broadly as stocks fall on banking woes
Reuters
equity index futures are driving forex priceaction again” said Adam Cole global head of forex strategy atRBC Capital Markets in London. “The dollar is stronger across the board but withparticularly marked gains against an independently weak pound. By 1208 GMT the dollar index rose 0.

*Central bank resumes forex-selling auctions
guardian.co.uk
The currency has lost 18 percentthis year after shedding 25 percent last year. The lira’s fall prompted the central bank to resume foreignexchange-selling auctions from Tuesday after it halted them lastctober. The bank also said it may intervene directly if theexcessive fluctuations in the forex market continues helpingthe lira recoup some losses to trade at 1. The daily auctions will initially be for $50 million. The Turkish economy grew by just 0. 5 percent in the thirdquarter of last year as recession in euro zone hit exports hardand the IMF expects a 1.

Forecast on Currency Majors – 9th March 2009 : by IFA : India …
International Business Times
2536 lows on Friday to take resistance from the 21 Daily EMA and finally closed at 1. The 4-hourly and hourly charts are indicating selling pressure in Euro while the Daily chart also is turning mid-way to indicate a downside. Resistance remains at 1.

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.

China can buy more gold oil with forex -official
Forbes
Zhang said the State Administration of Foreign Exchange could directly buy more gold and other strategic materials. He added that agencies such as China’s National il Reserves Centre should be allowed to issue foreign exchange bonds to obtain money from China’s forex reserves for overseas purchases. China’s foreign exchange reserves amounted to $1. 95 trillion by the end of 2008 and economists say most of the reserves are in dollar-denominated securities.

Forex losses push down Bayan 2008 results
Business Mirror
0001pt; mso-pagination:widow-orphan; font-size:10. 0pt; font-family:”Times New Roman”; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} BAYAN Telecommunications Inc. (Bayan) ended 2008 with a net loss mainly due to foreign exchange (forex) losses its chief executive consultant Tunde Fafunwa said. The forex losses were brought about by the company?s debt repayment program largely denominated in US dollars. ?Forex went against us last year even as our core operating income was positive? said Fafunwa in an interview. He did not give exact figures as parent firm Benpress Holdings Corp. has yet to announce last year?s financial results.