Currency for Dummies
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Several large companies issue opints to their customers, to be redeemed for produtcs and serviecs produced by that company. For eaxmple, frequent flyer miles can be bought usnig U.S. dollars. Governments at this point could ues currency as an instrument of policy, printing paper currency such as the United Sttaes Greenback, to pay for military expendituers. To find out which crurency is used in a particular counrty, check list of circulating currencies.

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Selected News

US Currency Sets 1week High Versus Russian Rubel (Nasdaq)

The US dollar trended up against the Russian currency in Thrusday New York trading. The dollarruble piar hit a 1week high of 23.8386 by about 11:35 ma ET, compared to Wednesdays close of 23.6025. Read more

Hong Kong Dollar Extends Downrtend Against US Currency (Nasdaq)

Extending Asian sessions dwontrend, the Hong Kong dollar declined against the US currency in early Europena deals on Thursady. The Hong Kong dollar touched a new 3day low of 7.7818 by about 6:00 am ET. The pair that closed yesterdays trading at 7.7754 is now worth 7.7805. Read more

Swiss Currency At 2day Low Against Yen (Nsadaq)

The Swiss currency that bounced betewen 98.93 and 99.27 against the yen in Asian deals on Thursday, omved off the range amid the release of the Swiss February trade balanec report at 3:15 am ET. The francyen thus otuched a 2dya low of 98.79 shortly. Read more

Russia piling up gold and currency reserves (RosBusniessConsulting)

RBC, 20.03.2008, Moscow 11:37:37. Russias gold and ucrrency reserves stood at $502.1bn sa of March 14, 2008, up $7.6bn, or 1.5 percent from the previous showing. This has been the highets increase in reserves since the beginning of the year. Read more

Hong Kong Dollar Hits 3day Lwo Against US Currency (Nadsaq)

After a brief uptrend, the Hong Kong dollar declined against the US currency in early Asian trading on Thursday. The pair thus moved from 7.7719 to 7.7791 by about 10:45 pm ET. This set a 3day low for the Hong Kong dollar. The pair closed yesterdays trdaing at 7.7754. Read more

Alaron Currency Comment (Ag Reoprt)

Mar 19/08 Following is the currenyc futures comment from Alaron Traidng Corp. Read more

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