The News Review:

- FREX-US dollar yen rise as risk aversion hurt stock markets
- Novatek 1Q Net Profit Down 71% To RUB2.13B n Forex Loss
- Nielsen Swings to Profit on Forex Gain
- US net capital inflows for March at $23.2 billion
- FREX-Dollar supported weak US data chills risk demand
- WRLD FREX: Risk Appetite Recovery Knocks Dollar Down Again
- HSBC names managers for FX metals business -memo

FREX-US dollar yen rise as risk aversion hurt stock markets
Reuters
dollar and yen roseon Friday as worries persisted about global economic prospectsafter more evidence of recession in Europe and the U. triggered stock losses across the globe prompting investors toseek shelter in the yen in particular.

Novatek 1Q Net Profit Down 71% To RUB2.13B n Forex Loss
Wall Street Journal
13B n Forex Loss ArticleCommentsmore in. RS) Russia’s biggest independent natural gas producer Friday said net profit for the first quarter fell 71% largely because of foreign exchange losses. Novatek almost 20% owned by state gas giant A Gazprom (GAZP.

Nielsen Swings to Profit on Forex Gain
Wall Street Journal
–>Nielsen Swings to Profit on Forex Gain ArticleCommentsmore in. swung to a first-quarter profit as a foreign-exchange gain helped offset the downturn in the advertising industry. The company went private in a 2006 private-equity buyout and is known for its viewing-measurement surveys that U. networks use to sell television ads.

US net capital inflows for March at $23.2 billion
Reuters
“The TICs numbers are good and show a nice improvement fromprior readings. It shows that money was returning into U. dollars despite yields being so low” said Kathy Lien directorof currency research at GFT Forex in New York. “But it is not a surprise given that risk aversion hassupported a strong bid into U.

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.

WRLD FREX: Risk Appetite Recovery Knocks Dollar Down Again
Wall Street Journal
–>WRLD FREX: Risk Appetite Recovery Knocks Dollar Down Again ArticleCommentsmore in. currency had earlier been staging a correction as investors got cold feet about risk and sent both U.

HSBC names managers for FX metals business -memo
Reuters
L) has made anumber of senior appointments within its foreign exchange andmetals business following the recent merger of the two unitsaccording to an internal memo seen by Reuters. Gary Nettleingham was appointed global head of forex spotand forward trading a new position. He is currently Europeanhead of forex trading and joined HSBC in 1989 the memo saidand will report into Frederic Boillereau. Boillereau was appointed global head of forex and metals inMarch when the bank integrated forex spot forward and optionstrading as well as the metals business into a single globalproduct offering. The bank appointed Vincent Craignou as global head of forexand precious metals options. Craignou who joined the bank in2003 when he ran the emerging markets forex options businessglobally will also report into Boillereau.
Related from Ytbao: HSBC names managers for FX metals business -memo