(AFX UK Focus) 2008-08-27 14:26 FOREX-Dollar retreats from highs with Weber lifting euro (Interactive Investor)
NEW YORK, Aug 27 (Reuters) - The dollar slipped on Wednesday as investors bet the U.S. currency's recent jump to 2008 highs against a basket of currencies was too far, too fast given hawkish rhetoric from a European Central Bank policy-maker.

FOREX-U.S. dollar slides as ECB revives rate hike talk (Reuters via Yahoo! Philippines News)
* Euro rebounds from 6-month lows versus dollar

India's forex reserves above optimal level, says IMF (Hindustan Times)
India's foreign exchange reserves at around $286 billion are much above the optimal level, said a recent IMF study, pointing out that forex accumulation has reduced external vulnerabilities and decreased the risk of financial contagion.

S Korea Government:Spent Around $10 Billion In Forex Market Intervention July (Nasdaq)
SEOUL -(Dow Jones)- South Korea's vice finance minister admitted that the government has recently spent a huge volume of dollars to support the weakening local currency by intervening in the foreign exchange market.

Forex Technicals: The Day Ahead, August 27 (Daily FX via Yahoo! Finance)
Failing to break its overnight high in US trading, a larger US dollar correction may finally be underway. The USDJPY looks like the most bang for the buck right now.

Finotec Group, Inc. announces World Forex Trading Contest (CNW Group via Yahoo! Finance)
Finotec Group, Inc. , an on-line foreign exchange company whose UK subsidiary, Finotec Trading UK Limited, is regulated by the FSA in the United Kingdom, has announced its World Forex Trading Contest.

India's Forex Reserves Optimal, Says IMF (Nasdaq)
(RTTNews) - Tuesday, India's foreign exchange reserves are above optimal level at $286 billion according to a recent International Monetary Fund-IMF study, reported the media. It pointed out that the forex accumulation decreased external weakness and the risk of financial corruption.

Dollar May Finally Break Its Range With The GDP Release (Forex Video) (Daily FX via Yahoo! Finance)
After two weeks of congestion, the US 2Q GDP revision numbers will bring volatility and the potential for renewed trends.

India's forex reserves above optimal level: IMF (The Hindu)
NEW DELHI: The country?s foreign exchange reserves at around $286 billion are much above the optimal level, said a recent IMF study, pointing out that Forex accumulation has reduced external vulnerabilities and decreased the risk of financial contagion.