Trade Currency News

Re rises, closes below 50 as banks sell dollarsThursday, December 4, 2008 @ 3:23PMThe Indian rupee gained On Thursday and closed at 49.85 against the dollar as banks offloaded the greenback following a rise in stock market indices.

Dec 5 - Open: Dollar falls against euro after ECB rate cutThursday, December 4, 2008 @ 3:18PMThe New Zealand dollar tumbled against the euro after the European Central Bank cut its interest rates by 75 basis points to leave its benchmark rate at 2.5 percent early today.

Economic boomThursday, December 4, 2008 @ 3:06PMSaudi Arabia has used record oil revenues over the past six years to launch an ambitious development programme to meet the needs of a rapidly-growing population that for the most part shares little of the fabled wealth of the ruling elite.

Dollar Falls From Two-Week High Versus Euro Before PayrollsThursday, December 4, 2008 @ 3:06PMDec. 4 (Bloomberg) -- The dollar fell from a two-week high against the euro on bets a U.S. report forecast to show the highest unemployment rate since 1993 will add to the case for the Federal Reserve to lower interest rates toward zero.

UPDATE 2-S.Africa's Mboweni-will keep in mind global conditionsThursday, December 4, 2008 @ 2:54PMJOHANNESBURG, Dec 4 (Reuters) - South African policymakers must take into account the changed global financial and economic environment when making their interest rates decision next week, central bank Governor Tito Mboweni said on Thursday.