The News Review:

- Forex markets may be bound for rude awakening
- FREX-Euro slides after weak EZ data G8 meet awaited
- FREX-Dollar edges up investors eye G8 meeting
- WRLD FREX: Short-Covering Lifts Dollar Vs Yen Euro Pre-G8
- FREX-Dollar falls as appetite for higher yields rises
- FREX-Dlr falls ahead of next Treasury auction hurdle
- FREX-Dollar eases on US debt concerns

Forex markets may be bound for rude awakening
Reuters
“Global forex accounts are still positioned for sluggishU. growth and there’s a considerable risk for a sharpreversal in currencies if the economy rebounds faster thananticipated” Steven Englander a chief foreign exchangestrategist at Barclays told journalists in New York. Englander noted that the U.

FREX-Euro slides after weak EZ data G8 meet awaited
Reuters
Selling in the euro added to a recovery in the dollar whichfell broadly this week as the market reassessed speculation of apossible rise in U. interest rates this year. Investors alsoawaited a G8 finance ministers meet later in the day.

FREX-Dollar edges up investors eye G8 meeting
Reuters
3 pct traders book profits * G8 meet in focus ministers to discuss exit strategies * ptimistic global economy view may pressure dollar more (Adds comment details updates throughout; previous TKY) By Naomi Tajitsu LNDN June 12 (Reuters) – The dollar edged up against abasket of currencies on Friday recovering as traders bookedprofits from the U. currency’s slide earlier this week whileinvestors awaited a G8 finance ministers meet later in the day. The euro hit the day’s low against the dollar after Europeanshares initially slipped in early trade.

WRLD FREX: Short-Covering Lifts Dollar Vs Yen Euro Pre-G8
Wall Street Journal
–>WRLD FREX: Short-Covering Lifts Dollar Vs Yen Euro Pre-G8 ArticleCommentsmore in. With the markets being dominated by a small number of short-term speculators there was little impact on exchange rates.

FREX-Dollar falls as appetite for higher yields rises
Reuters
labor market and retail sales dataraised optimism about an economic recovery and reducedsafe-haven demand for the greenback. The euro hit a session high above $1. 4150 and the price ofoil CLc1 climbed above $73 a barrel lifting commodity-linkedcurrencies such as the Australian dollar.

FREX-Dlr falls ahead of next Treasury auction hurdle
Reuters
5% * Aussie climbs on data showing smaller job losses in May * Nikkei briefly rises above 10000 to hit 8-month high * Japan’s revised Q1 GDP -3. 8% impact on market limited By Kaori Kaneko TKY June 11 (Reuters) – The dollar fell against a basketof currencies on Thursday paring some gains made after thebenchmark U. Treasury yield hit its highest point in eightmonths the previous day. The New Zealand dollar jumped after the Reserve Bank of NewZealand left interest rates on hold while the Australian dollaralso climbed after data showed employment fell by far less thanexpected in May. Higher oil prices and the Nikkei share average.
Related from Auctionsmonster: US STCKS SNAPSHT-Wall St briefly jumps after Treasury auction

FREX-Dollar eases on US debt concerns
Reuters
DXY * Talk of BRICs diversification weigh on dollar * High yielders and commodity-linked currencies gain * Investors await 30-yr Treasury bonds U. retail sales (Adds quote updates prices) By Tamawa Desai LNDN June 11 (Reuters) – The dollar edged down against abasket of currencies on Thursday as rising U. bond yieldsraised concerns about burgeoning U. debt and on speculationbig emerging countries may move out of U.