In early Asian deals on Thursday, the U.S. dollar has been extending its Wednesday’s decline and hit a fresh record low against the Aussie and fresh multi-month lows against the euro and the pound as the Federal Reserve left its interest rates unchanged at near-zero levels.
The Fed also indicated that it will continue its asset purchase program through the end of June. In the statement released Wednesday, the Fed noted that the economic recovery is proceeding at a moderate pace and said overall conditions in the labor market are improving gradually.
Speaking at the first press conference in the history of the Fed, the Chairman Ben Bernanke said that the Federal Open Market Committee is still projecting a “moderate” pace of economic recovery.
Bernanke also noted that monetary policy actions must be taken with an eye toward future due to the delayed impact of policy changes.
The U.S. dollar is currently trading at fresh multi-month lows of 1.4838 against the euro and 1.6672 against the pound, compared to Wednesday’s close of 1.4783 and 1.6627, respectively. The next downside target level for the dollar is seen at 1.70 against the pound and 1.50 against the euro.
Against the Australian dollar, the U.S. dollar is now trading at a fresh record low of 1.0906, compared to Wednesday’s close of 1.0877.
The dollar fell slightly against the currencies of Japan, Switzerland and Canada. The dollar is now worth 0.9495 against the loonie, 81.95 against the yen and 0.8730 against the franc, compared to yesterday’s close of 0.9500, 82.19 and 0.8750, respectively.
Japan’s CPI, household spending, unemployment rate and the industrial production reports – all for the month of March, which were released early in the Asian session failed to influence the yen.
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The new Zune browser is surprisingly good, but not as good as the iPod’s. It works well, but isn’t as fast as Safari, and has a clunkier interface. If you occasionally plan on using the web browser that’s not an issue, but if you’re planning to browse the web alot from your PMP then the iPod’s larger screen and better browser may be important.
This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like ‘Mixview’ that let you quickly see related albums, songs, or other users related to what you’re listening to. Clicking on one of those will center on that item, and another set of “neighbors” will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune “Social” is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.
I’ll gear this review to 2 types of people: current Zune owners who are considering an upgrade, and people trying to decide between a Zune and an iPod. (There are other players worth considering out there, like the Sony Walkman X, but I hope this gives you enough info to make an informed decision of the Zune vs players other than the iPod line as well.)
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Zune and iPod: Most people compare the Zune to the Touch, but after seeing how slim and surprisingly small and light it is, I consider it to be a rather unique hybrid that combines qualities of both the Touch and the Nano. It’s very colorful and lovely OLED screen is slightly smaller than the touch screen, but the player itself feels quite a bit smaller and lighter. It weighs about 2/3 as much, and is noticeably smaller in width and height, while being just a hair thicker.
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