CURRENT CURRENCY EXCHANGE RATES NEWS & INFORMATION
Tuesday, January 06, 2009
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LATEST CURRENT CURRENCY EXCHANGE RATES NEWS:

UPDATE 2-Romania c. bank bucks easing trend, worries about leu
BUCHAREST, Jan 6 (Reuters) - Romania's central bank kept interest rates at 10.25 percent at its first meeting of 2009 on Tuesday, defying the regional trend and signalling it was concerned about the leu currency's weakness.

UPDATE 1-Romania c.bank holds fire, leu concerns remain
BUCHAREST, Jan 6 (Reuters) - Romania's central bank as expected kept interest rates at 10.25 percent at its first meeting of 2009 on Tuesday and held off with a possible change in the minimum reserve requirement for its leu currency.

Gold May Advance for Eighth Year as ‘Perfect Insurance’ Sought
Jan. 6 (Bloomberg) -- Gold, the best-performing metal in 2008, may appreciate for an eighth year as investors seek a refuge from declining interest rates at the same time that central banks inject more cash into the banking system.

(AFX UK Focus) 2009-01-05 16:05 CORRECTED-UPDATE 1-Danish foreign reserves rise more than expected
COPENHAGEN, Jan 5 (Reuters) - Denmark's foreign exchange reserves rose by 39.9 billion Danish crowns ($7.46 billion) to 212.7 billion in December, the central bank said on Monday -- a bigger than expected rise that boosted the chances of interest rate cuts. Analysts polled by Reuters had forecast that the foreign currency reserves would rise to 191.8 billion crowns, excluding central government ...

Euro falls on rate cut expectations
The euro fell sharply against other currencies on Monday amid growing expectations that the European Central bank will cut interest rates sharply this year.

CONMED Corporation Provides Business Update
CONMED Corporation announced today that its fourth quarter 2008 sales will be approximately 9% lower than previously anticipated due to unfavorable foreign currency exchange fluctuations and lower than anticipated sales volumes for capital equipment.

Rupee Has Weekly Loss as Funds Pare Holdings, India Cuts Rates
Jan. 2 (Bloomberg) -- India’s rupee had a second weekly loss as overseas investors pared holdings of local equities. The currency dropped to a one-week low as data from the capital markets regulator showed funds based abroad sold more Indian stocks than they bought during eight of the 10 trading days ended Dec. 31. The central bank today cut interest rates for the fourth time in less than three ...