Daily Exchange Rate

Currency	Bid	Offer	Time
EUR/USD	1.41788	1.41888	Fri Aug 7 16:59:56 2009
USD/JPY	97.515	97.615	Fri Aug 7 16:59:57 2009
GBP/USD	1.66796	1.66896	Fri Aug 7 16:59:57 2009
USD/CAD	1.08083	1.08183	Fri Aug 7 16:59:57 2009
USD/CHF	1.08060	1.08160	Fri Aug 7 16:59:58 2009
EUR/JPY	138.383	138.410	Fri Aug 7 16:59:57 2009
EUR/GBP	0.85008	0.85026	Fri Aug 7 16:59:57 2009
EUR/CHF	1.53313	1.53332	Fri Aug 7 16:59:56 2009
GBP/CHF	1.80274	1.80474	Fri Aug 7 16:59:58 2009
GBP/JPY	162.686	162.886	Fri Aug 7 16:59:57 2009

Bombay Stock Exchange - United Stock Exchange Form Alliance to Develop Currency & Interest Rate Derivatives Markets

MUMBAI, India, Aug 07, 2009 (PR Newswire Europe via COMTEX) --

Bombay Stock Exchange Limited (BSE), today decided to take a 15% stake in United Stock Exchange (USE). USE, which will operate as a BSE Group Company, now brings together a consortium of key stakeholders - the exchange, banks, financial institutions - to drive the development and growth of the currency and interest rate derivatives markets.

Currency futures have been trading actively for the past year, however the market is still at a very nascent stage. USE's efforts will be focused on increasing the participants in this market, as well as the liquidity and the range of tradable products.

With prior regulatory approval, USE will also launch interest rate futures. Interest rates touch every economic agent, from the largest financial institution to a family with a home loan. New products are expected to be launched in the coming years to help market participants manage their interest rate risks. USE will provide an advanced trading platform for these products and will be an important driver of innovation in terms of product and market development.

Commenting on the development, Mr. Jagdish Capoor, Chairman, BSE, said, "Events in recent years have demonstrated the desirability of exchange traded products. We at BSE are committed to working with regulators and market participants to forge the development of trading platforms that facilitate price discovery in a transparent manner. We are happy to be joining hands with the largest banks, end-users and trading entities to drive development of this market."

Mr. T S Narayanasami, Managing Director & CEO, USE added "By partnering with India's premier exchange, we will significantly strengthen our offering and broaden our reach. BSE has an established regulatory structure, and strong distribution and exchange technology that will help us accelerate our plans to be a dominant player in the currency and interest rate derivatives market in India."

"BSE's commitment to thought-leadership, innovation and our belief in the consortium model as a powerful approach for long-term market development were the key factors to enter into this relationship. The BSE Group will work with all the different constituents to drive product and market development in currency and interest rate derivatives markets," said Mr. Madhu Kannan, Managing Director & CEO, BSE Ltd.

About Bombay Stock Exchange:

Bombay Stock Exchange is one of India's leading exchange groups and has played a pre-eminent role in the development of the Indian capital market. BSE is a corporatised and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Borse and Singapore Exchange as strategic partners.

BSE provides an efficient and transparent market for trading in equity, debt instruments and derivatives. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and training. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, support the growth of the market in India, and stimulate innovation and competition across all market segments. The BSE Training Institute is at the forefront of educating market participants on currency and interest rate derivatives.

About United Stock Exchange of India:

The United Stock Exchange of India Limited (USE) is India's newest stock exchange for trading in financial derivatives.

The exchange is a unique Public-Private partnership with equity investments by both PSUs and the private sector. USE has 16 of the most respected names in Indian business and finance as consortium members - Allahabad Bank, Andhra Bank, Bank of Baroda, Bank of India, Canara Bank, Federal Bank, HDFC Bank, Indian Overseas Bank, Indian Potash, Jaypee Capital, MMTC, Oriental Bank of Commerce, Punjab National Bank, Tata Consultancy Services Union Bank and United Bank. These 16 institutions not only form the financial backbone of the exchange but also epitomize the integrity, impeccable standards, and values upon which USE stands.

Canadian dollar closes at 92.40 cents US, down 0.48 of a cent

TORONTO - The Canadian dollar closed at 92.40 cents US, down 0.48 of a cent on Friday.

The U.S. dollar stood at C$1.0823, up 0.56 of a cent.

Pound sterling closed C$1.8056, down 0.22 of a cent and US$1.6683, down 1.07 cents.

The euro was worth C$1.5342, down 1.17 cents.

Dollar Tree reports jump in second-quarter sales over last year

Dollar Tree Inc. announced today that sales for the second quarter jumped nearly 12 percent from the prior year to $1.2 billion.

Sales in comparable stores -- those open at least 12 months -- rose 6.8 percent in the quarter, which ended Aug. 1. Data for comparable stores provide the best measure of year-to-year performance.

That growth comes on top of a 6.5 percent increase in comparable sales in the second quarter of 2008. It also continues Dollar Tree's momentum during the recession, as shoppers spend more at its all-for-$1 stores on food and other household basics.

Bob Sasser, the retailer's chief executive, said customers in the second quarter also scooped up health and beauty items, party supplies and "hot summer deals." Dollar Tree, with headquarters in Chesapeake, plans to release its full quarterly earnings results Aug. 26.

UPDATE 10-Oil slips as U.S. jobs data boosts dollar

U.S. July unemployment data better than expected

* Offshore crude storage up sharply in last 2 weeks (Updates with settlement prices, replaces last graph on offshore storage)

By Matthew Robinson

NEW YORK, Aug 7 (Reuters) - Oil fell from six-week highs on Friday, pressured by gains in the dollar following the release of better-than-expected U.S. job-loss numbers.

U.S. employers cut 247,000 jobs in July, far less than expected and the least in any month since last August, according to a government report, adding to optimism that the world's largest economy was turning around. [ID:nN07385157]

"The jobs report was a mixed bag for crude traders. On the one hand, it was good for fundamentals for people to be working and able to buy things," said Chris Jarvis, senior analyst at Caprock Risk Management in Hampton Falls, New Hampshire.

"But it could mean that Europe will be seen as the lagging market and get people to short the euro, and a stronger dollar longer term, and put some pressure on commodities."

U.S. crude settled $1.01 lower at $70.93 a barrel, after touching a six-week high of $72.84 earlier. London Brent crude fell $1.24 to settle at $73.59 a barrel.

The drop came as the dollar gained against the euro and the yen, putting pressure on commodities denominated in the greenback. [.N] Wall Street gained following the release of the U.S. jobs data.

The economic crisis has damped fuel demand, pushing crude from record highs near $150 a barrel in July 2008 to below $33 a barrel in December.

Oil prices have found support from optimism that a potential turnaround in the economy could boost flagging fuel consumption, although global inventories of crude remain high, especially in top consumer the United States. [EIA/S]

Several industry sources estimated that there were 70 million barrels of crude oil being stored at sea. While the estimates vary from around 60 million to 100 million barrels, most sources agree offshore storage levels rose by around 10 million barrels in the last two weeks alone.