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Foreign exchange reserves of eight Asian countries have depleted by a record $36 billion in August alone, as foreign investors pulled out money and central banks were seen using the reserves to prop up falling local currencies.

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Our Forex Trading signals increasingly forecast that the Japanese Yen will gain against the Euro, US Dollar, Australian Dollar, and Swiss Franc. Indeed, the trading signals sold these major Yen pairs as of Friday and Sunday?s trading sessions?a prescient move given extraordinary Yen gains.

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LONDON, Sept 29 (Reuters) - The euro and sterling tumbled more than 2 percent against the dollar on Monday as the impact of the latest financial storm fanned out beyond the United States, forcing bank nationalisations in Europe.

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NEW YORK, Sept 29 (Reuters) - The U.S. dollar pared some gains against the euro and yen on Monday on news Citigroup Inc. will acquire the bulk of Wachovia Corp.’s assets and liabilities. [nWEN8570 ].

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The Treasury?s sweeping new plan to stabilize the financial system and dramatic efforts by the Fed to support money markets promise to reduce sharply the downside ‘tail’ risks to the economy, and likely will have significant implications for investors, for financial institutions and for monetary policy.

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TOKYO, Sept 29 (Reuters) - The euro and sterling retreated on Monday on growing concerns about the financial system as the toll from the credit crisis spreads to Europe.

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The Original Regulations required that forex income from current account items and capital account items 1 of domestic persons (not only entities but also individuals) must be repatriated back to China 2 , and also set forth a mandatory settlement requirement that domestic persons must sell forex to or deposit forex with domestic banks, with limited exceptions. 3 These requirements had the …

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Forex market conditions continue primed for breakouts, as pronounced market indecision surrounding the US Treasury?s bailout for credit markets leads to similar uncertainty in US dollar currency pairs.

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These are unprecedented times for the U.S. Dollar as the ailing banking crisis claims Wachovia as the latest victim. In light of these dramatic economic events, forex traders will be closely watching for Tuesday’s Consumer Confidence Survey.

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NEW YORK, Sept 29 (Reuters) - The dollar extended losses against the yen on Monday amid rising risk aversion as foreign exchange investors expressed concerns about further instability in the global banking system following bank bailouts in Europe and the United States.

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