The News Review:

- FREX-Yen gains on export data dollar dips vs euro
- FREX-Euro gains as risk aversion eases; stg up
- WRLD FREX: Pound Bucks Calm Market Trend Ends Down Sharply

FREX-Yen gains on export data dollar dips vs euro
Reuters
Johnson NEW YRK April 22 (Reuters) – The dollar fell against theyen on Wednesday partly due to signs of a modest recovery inJapanese exports while the British pound plunged after thegovernment forecast a surge in borrowing this year. The euro also gained on the dollar but retreated from asession peak above $1. 30 as Wall Street stocks fell in latetrade boosting some safe-haven flows into the greenback. Nagging worries about the financial system kept investorsfrom taking on too much risk however undermininghigher-yielding currencies such as the New Zealand dollar andboosting the yen which typically firms when anxiety rises. The International Monetary Fund said the world economy wasin a deep recession and slashed its global growth forecastwhile Morgan Stanley reported a second straight quarterly loss.
Related from Guanxithebook: Is the Floating Dollar Sunk?

FREX-Euro gains as risk aversion eases; stg up
Reuters
0% vs yen * EZ flash mfg services PMI at 6-month highs *Sterling up vs dollar after falling on UK budget on Wed (Recasts adds quotes updates prices) By Tamawa Desai LNDN April 23 (Reuters) – The euro rose broadly onThursday as extreme risk aversion eased on some brighter signsfor the economy and banking system prompting gains in equitiesalthough wariness over the financial system kept gains in check. Sterling also recovered against the dollar after taking abeating the previous day as the UK budget showed a shockingdeterioration of public finances. Sentiment was helped as European stocks rose 0. FTEU3 shaking off earlier losses and London’s FTSE indexalso rose 1.

WRLD FREX: Pound Bucks Calm Market Trend Ends Down Sharply
Wall Street Journal
–>WRLD FREX: Pound Bucks Calm Market Trend Ends Down Sharply ArticleCommentsmore in. government’s annual budget statement an exception to the generally narrow and uneventful trading that prevailed throughout the day for the dollar and other major currencies. Late Wednesday the dollar was modestly weaker against the euro and the yen with the euro at $1. 3002 compared with $1.