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·GBP/USD tumbles through key support as UK housing data proves reminiscent of US housing collapse. · FOMC minutes hardly move the markets, but we could see the sentiment feed through EUR/USD and USD/JPY during Wednesday’s price action.

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NEW YORK, April 8 - The dollar rose to session highs against the yen on on Tuesday after U.S. stocks trimmed earlier losses, despite a report showing pending home sales fell to their lowest level on record in February.

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BERLIN -(Dow Jones)- The Group of Seven leading industrial nations is likely to agree on joint action to deal with the current financial-market crisis, as well as discuss foreign-exchange rates as usual at its meeting Friday, German Deputy Finance Minister Thomas Mirow said Tuesday.

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TOKYO, April 8 - Commonwealth Bank of Australia Ltd is selling Samurai bonds to Japanese individual investors, as some have turned cautious about taking foreign exchange risks while continuing to seek higher yields.

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HONG KONG (XFN-ASIA) - Hong Kong’s foreign currency reserve assets amounted to 160.7 bln usd at the end of March, up slightly from 160.2 bln at end-February, the Hong Kong Monetary Authority (HKMA) said.

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HONG KONG, April 8 - Hong Kong’s official foreign currency reserve assets stood at US$160.7 billion at end-March, the Hong Kong Monetary Authority said on Tuesday, up 0.25 percent from US$160.3 billion at the end of February.

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LONDON (Thomson Financial) - The pound fell as UK mortgage lender Halifax reported the biggest monthly drop in house prices in over 15 years during March.

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See what’s moving Forex Markets this week.

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Event risk for the forex market will be coming primarily from central banks this week, as the US dollar must grapple with the FOMC meeting minutes from March, the British pound may face a rate cut by the Bank of England, while the European Central Bank’s rate decision and subsequent press conference could force volatile moves in the euro.

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Tourism can still be a number one forex earner to Sri Lanka said Pacific Asia Travel Association (PATA) Chairman Board of Directors, Brian Deeson.

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