The News Review:

- China forex policy escapes manipulation tag from White House
- Forex -US dollar mixed in Sydney after overnight gains; yen firmer…
- Forex - Euro steady after euro zone data
- Forex - Dollar eases vs major currencies.after overnight gains
- Forex - Dollar remains on the backfoot against euro, pound
- Ekornes Q1 misses consensus on rising material costs, forex losses…

China forex policy escapes manipulation tag from White House
MarketWatch - May 15, 2008
In a semi-annual report, the Treasury Department said that China’s current account surplus of $111 billion current account surplus and $1. 68 trillion in foreign exchange reserves were not enough to qualify as signs of manipulation under the language of the statute passed by Congress. But the report said China’s foreign exchange policy remains a threat to global economic stability and urged the Chinese government to loosen its tight control over the yuan to allow rapid appreciation.

Forex -US dollar mixed in Sydney after overnight gains; yen firmer…
Forbes - May 15, 2008
dollar was mixed against major currencies in midmorning trade on Friday after making gains overnight against the euro on growing optimism that the U. economy will avoid recession.

Forex - Euro steady after euro zone data
Forbes - May 15, 2008
dollar after inflation in the 15-nation single currency zone came in as expected and growth was in line with the more optimistic forecasts garnered by strong German economic news. Early in the morning, the euro surged nearly a cent against the U.

Forex - Dollar eases vs major currencies.after overnight gains
Forbes - May 15, 2008
dollar edged down against major currencies in afternoon trading in Asia on Thursday,surrendering some overnight gains spurred by a growing view that efforts to stimulate the U. economy have worked. The yen firmed as Japanese exporters unloaded some dollar holdings while the euro alsoadvanced. There is increasing perception that U.

Forex - Dollar remains on the backfoot against euro, pound
Forbes - May 15, 2008
currency remained under pressure in the wake of soft inflation data Wednesday, suggesting the Federal Reserve may have room to reduce interest rates further. Meanwhile, stronger-than-expected GDP figures Thursday gave a boost to euro, while the pound continued to gain on the back of Wednesday’s hawkish Bank of England Inflation Report. ‘The dollar took a bit of a hit from the inflation figures yesterday, which mean the Federal Reserve might have more room than previously thought to cut interest rates,’ said Mic Mills, a trader at TradIndex.

Ekornes Q1 misses consensus on rising material costs, forex losses…
Forbes - May 15, 2008
The furniture manufacturer posted a quarterly operating profit of 101. 0 million Norwegian crowns, down from 123. 3 million last year, and marginally below the 104. 0 million consensus forecast, according to Carnegie.