The News Review:

- Forex - Dollar trading in tight ranges ahead of Bernanke speech, data
- Forex -US dollar eases in Sydney trade, consolidating after rate cut…
- Eurogroup’s Juncker says forex developments ‘pointing in…
- Forex - Pound retreats after another batch of soft UK data

Forex - Dollar trading in tight ranges ahead of Bernanke speech, data
Forbes - May 13, 2008
Retail sales figures are expected to be released on Tuesday, while consumer price inflation datawill be released on Wednesday and housing starts are due on Friday. Investors were also waiting for a speech by Federal Reserve Chairman Ben Bernanke for fresh leads on the health of the U.

Forex -US dollar eases in Sydney trade, consolidating after rate cut…
Forbes - May 13, 2008
dollar was trading slightly easier against major currencies but consolidating at higher levels against major currencies in Sydney trade on Wednesday as hopes of further interest rate cuts by the Federal Reserve faded. At 10:10 am (0010 GMT) the dollar was at 104. 71 yen, down from 104.

Eurogroup’s Juncker says forex developments ‘pointing in…
Forbes - May 13, 2008
Speaking after chairing a meeting of euro zone finance ministers, Juncker reiterated however that the Eurogroup does not like sharp movements and excessive volatility in currency markets. ‘We didn’t discuss at length the exchange rate situation,’ he said. ‘We are sticking to the recent statements of the G7. We have the impression that the developments we are observing in the last days are pointing in a better direction than those that we have observed before,’ he said.

Forex - Pound retreats after another batch of soft UK data
Forbes - May 13, 2008
While the Royal Institution of Chartered Surveyors said a record number of its members reported house price falls in the three months to April, the British Retail Consortium revealed that retail sales fell in April, the first time since 2005 that sales have declined for two straight months. In the wake of the data’s release, sterling has dropped below the $1. 95 mark, while the euro has edged back up towards 0. 80 pounds as investors price in a growing likelihood of a BoE rate cut in June.