Archive for July 31st, 2009

US declares success in missile defense test
Xinhua
Over the past seven years, the US military has spent billions of US dollars on the missile defense program, with each test costing about 85 million dollars.

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Audi gains more US market share amid economic downturn
Xinhua
Audi Group recorded a significant operating profit of 823 million euros (about 1.163 billion US dollars) for the first six months, down 36.6 percent

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Los Angeles Times
Airline ticket purchase incurs foreign transaction fee
Los Angeles Times
There is no indication that the transaction was in anything other than US dollars. So how did this happen? I'll save my screed about foreign currency

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RTT News
WORLD FOREX: Dollar Ends Broadly Lower In Choppy Trading
Wall Street Journal
managers tend to need to hedge, and sell more dollars based on the gains we've experienced," said Brian Dolan, chief currency strategist at Forex.com.
FOREX-Dollar slides as oil, stocks rally cuts haven demandReuters
WORLD FOREX: Euro Rises Vs JPY, USD On Asia Stk StrengthWall Street Journal
WORLD FOREX: Dollar Up On Yen, Down On Euro As Stocks RallyWall Street Journal
Wall Street Journal -Wall Street Journal -Wall Street Journal -Wall Street Journal
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US House pumps 2 bln US dollars into 'cash for clunkers'
The Age
The US House of Representatives voted Friday to pump another two billion US dollars into a program that lets consumers trade in gas-guzzling cars and trucks

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FOREX-US dollar slides to 2009 low as risk appetite rises
Reuters
NEW YORK, July 31 (Reuters) – The US dollar fell to its lowest for the year on Friday, as higher oil prices, steady stockmarkets
FOREX-Dollar drops broadly; month-end, Chicago PMI weighReuters India
FOREX-Dollar drops broadly; month-end, US data weighReuters

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Mohawk Industries, Inc. Q2 2009 Earnings Call Transcript
Seeking Alpha
Second quarter sales were $1.4 billion, a 24% decrease from 2008, or 22% on a constant exchange rate. During the quarter, we benefited from aggressively
Mohawk Industries, Inc. Announces Second Quarter EarningsPR Newswire (press release)
Mohawk Industries Q2 Profit Drops, Revenues Down – UpdateRTT News

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Futures Expiry Pushes Brazil Real To Strongest Level Of 2009
Wall Street Journal
The typical month-end battle to set the Ptax, the average daily foreign-exchange rate used to settle dollar futures contracts, was behind the real's
Brazil Stocks, Real Currency End July At 2009 High PointWall Street Journal
Brazil Real Opens Stronger As US GDP Boosts MarketsWall Street Journal

all 4 news articles »

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CRE Capital CEO gets 7 years in prison
Bizjournals.com
Just during CRE's nine-month run, the firm lost more than $12 million in its foreign currency trading accounts. There was no “reserve” account sufficient to

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| EXCHANGE RATE
Ceylon Daily News
Exchange Rates on 31st July 09 The average rates of the following currencies quoted by commercial banks in Colombo. Currency Buying Rate Selling Rate US

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