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

Israel's Foreign Exchange Reserves Increase In December
(RTTNews) - Israel's foreign exchange reserves totaled US$41.414 billion at the end of December, representing an increase of US$4.559 billion from the end of November, the central bank reported Sunday.

(AFX UK Focus) 2009-01-05 15:57 UPDATE 1-Danish foreign reserves rise less 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 ...

Jordan- Lower House to review temporary law on foreign currency traders
Jordan- Lower House to review temporary law on foreign currency traders

Nigeria's foreign exchange reserves fall by $6 bln in December
As the global credit crisis takes its toll on the world economy and further depresses oil prices, Nigeria 's foreign exchange reserves fell by 6 billion U.S. dollars or 8.2 percent in December last year to 52.7 billion dollars. The reserves in the month to Dec. 29 dropped from 57.4 billion U.S. dollars in November, the Central Bank of Nigeria (CBN) said Friday in its monthly report. Record oil ...

Morgan Stanley’s Jen Shifts to Sales, Trading From Research
Jan. 5 (Bloomberg) -- Morgan Stanley’s Stephen Jen said he’s joining the firm’s foreign exchange and emerging markets sales and trading group and will no longer serve as global head of currency research.

Dollar Rally Fizzling as Fed Triggers Risk Appetite (Update3)
Jan. 5 (Bloomberg) -- The dollar, yen and Swiss franc may weaken this year against 2008’s biggest losers in the currency markets as the global economy starts to recover, the largest foreign-exchange strategists and investors say.

No need for FX interventions in Poland now-dep governor
WARSAW, Jan 6 (Reuters) - Poland does not need foreign exchange interventions now, though the central bank's Monetary Policy Council (MPC) could consider such a move if the currency weakens significantly, the central bank's deputy governor said on Tuesday.