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WASHINGTON (Reuters) - U.S. President, Barack Obama plans to nominate the president of the Federal Reserve Bank of San Francisco, Janet Yellen, vice president of the country's central bank on Thursday said a source with knowledge of the process.

Yellen, considered one of the more moderate policy makers of the Fed, would replace Donald Kohn, who announced earlier that month eset retiring at the end of June. The nomination must be approved by the Senate.

LONDON (Reuters) - The yen fell on Wednesday, giving up recent gains amid growing expectations that the BOJ will take further monetary easing measures, while the pound fell as persistent worries about credit and the economy .

The Japanese currency had been gaining support in the short term due to the repatriation of funds, as Japanese companies seek to bring home their foreign earnings for the fiscal year end.

However, a Reuters report that the BOJ may ease monetary policy as soon as next week, pushed the yen to session lows against the dollar and euro.

From Cagle

NEW YORK (Reuters) - The yen rose broadly on Tuesday by falling global stock markets, making clear progress in risk aversion as investors headed into the Japanese currency, lower performance and considered safer.

The risk appetite has been driven by an employment report better than expected in the United States on Friday that knocked the yen to its lowest in two weeks against the euro and the dollar.

NEW YORK (Reuters) - The euro gained against the dollar and the yen eased on Monday as fears about the fiscal problems of Greece, on Sunday after French President Nicolas Sarkozy, give clues about a plan to support Athens.

Sarkozy promised that the euro zone countries to Greece would help if your financial problems worsen. Greece has been a heavy burden on the euro in 2010, which has fallen 4.5 percent against the dollar so far this year and 7.2 percent against the yen.

LUXEMBOURG (Reuters) - Germany and all euro zone countries on Friday ruled out any immediate and concrete assistance for Greece to resolve their financial problems at the start of a diplomatic tour of the Hellenic Premier George Papandreou.

Greece hopes to resolve its debt crisis received a significant boost Thursday when a significant release of new debt of the country received strong demand, and European leaders on Friday turned to applaud the new austerity measures announced by Athens.

WASHINGTON (Reuters) - U.S. employers cut fewer jobs than expected during the snowy month of February while the unemployment rate held steady at 9.7 percent, boosting the theory that the economy is about to start creating jobs.

The Labor Department said Friday that payrolls fell by 36,000 jobs, and said he could not establish the impact that bad weather would have on the data.

Analysts polled by Reuters had expected the economy lost 50,000 jobs last month and the unemployment rate climbed to 9.8 percent.

FRÁNCFORT (Reuters) - The European Central Bank on Thursday kept the minimum bid rate for refinancing auction at 1 per cent for the tenth consecutive month, as planned, and took further steps to remove the extraordinary measures taken during the global crisis, but still provides a fragile economic recovery.

The bank also left unchanged its deposit rate to 0.25 percent and the marginal at 1.75 percent.

WASHINGTON (Reuters) - The number of U.S. workers applying for unemployment benefits fell last week, but a surprising decline in the contracts in January pending home sales to a minimum of nine months highlighted the slow pace of economic recovery.

Initial claims for state benefits fell 29,000 to a seasonally adjusted 469,000, said the Labor Department said Thursday. The figures were in line with expectations.

NEW YORK (Reuters) - The euro rebounded Tuesday from a minimum of nine and a half months against the dollar as investors await new austerity plans for Greece to meet its debt crisis and the possibility that receives aid from the European Union .

Earlier, the euro fell to $ 1.3435, its lowest level since May 2009, after the largest union of public sector in Greece on Tuesday convened a 24-hour strike on March 16 to protest against Athens plans to reduce its massive debt.