The News Review:

- Russian Forex Reserves Fall $700M To $385.2B In Week To May 8
- FREX-Yen dollar gain broadly as optimism wanes
- Invensys FY Boosted By Forex; Resumes Dividend Payments
- FREX-Dollar supported weak US data chills risk demand
- Will opec’s Member Problems Affect the Forex?
- WRLD FREX: Euro Hits 6-Wk High Vs Dollar n Short-Covering

Russian Forex Reserves Fall $700M To $385.2B In Week To May 8
Wall Street Journal
–>Russian Forex Reserves Fall $700M To $385. 2B In Week To May 8 ArticleCommentsmore in. 2 billion in the week to May 8 the central bank said Thursday. The decline follows an.

FREX-Yen dollar gain broadly as optimism wanes
Reuters
sales data underlines long road to econ recovery * ECB policymaker comments underline divided policy views * Yen hits 8-week high vs dlr 2-week high vs euro (Adds comment updates prices changes byline) By Jessica Mortimer LNDN May 14 (Reuters) – The yen and the dollar rosebroadly on Thursday as investors reduced exposure to risk ongrowing scepticism the global economy is on the road torecovery. retail sales data on Wednesday reminded investorsthat their recent optimism may have been a little premature andpushed them towards those currencies perceived to be safe. The yen outperformed hitting an eight-week high against thedollar while gains for the greenback against most othercurrencies pushed it higher on a trade-weighted basis.

Invensys FY Boosted By Forex; Resumes Dividend Payments
Wall Street Journal
LN) Thursday said it is confident of an improved performance in 2009 and resumed dividend payments after it reported earnings boosted by favorable foreign-exchange rates. Chief Executive Ulf Henriksson said the company’s strong financial position will help protect profitability.

FREX-Dollar supported weak US data chills risk demand
Reuters
sales data underlines long road to econ recovery * Sliding stocks helps to keep risk aversiono high (Adds comment updates throughout; previous TKY) By Naomi Tajitsu LNDN May 14 (Reuters) – The dollar rose slightly onThursday touching its highest level against the euro in roughlya week as sluggish U. retail sales figures reminded investorsthat recent optimism about a global economic recovery may bepremature and kept risk aversion high. ngoing economic weakness was highlighted by a slide inEuropean shares which fell more than half a percent in earlytrade and kept traders keen to dump aggressive short-dollarpositions accumulated earlier in the week. With few major economic numbers and events due in Europeantrade traders focussed Wednesday’s data which showedcash-strapped U.
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Will opec’s Member Problems Affect the Forex?
Learning Markets
There are a lot of industry professionals that maintain that it is a supply side market only versus others who suggest that speculators and the demand side drive oil prices. some kind of mix between supply and demand. I think this is a relevant discussion for forex traders as we deal with the impact on currency prices attributed to oil and commodity market fluctuations.

WRLD FREX: Euro Hits 6-Wk High Vs Dollar n Short-Covering
Wall Street Journal
–>WRLD FREX: Euro Hits 6-Wk High Vs Dollar n Short-Covering ArticleCommentsmore in. The European currency rose to $1. 3670 in early Asian hours its highest level since March 24. Most Asian currencies also surged Monday driven by strong gains in equity markets across the region. Among top performers the Korean won hit a fresh six-month high against the U.