DOLLAR UPDATES

MAY 20 TH TUESDAY




U.S. Dollar Falls on Oil Surge, Outlook Rates Will Stay High in Europe The dollar fell the most in almost two months against the euro as the price of oil rose above $129 for the first time and speculation increased that the European Central Bank will keep interest rates high.



UBS Cuts Yen Forecast to 105 per Dollar; Predicts Lower Pound



UBS AG, the world's second-biggest currency trader, reduced its forecast for the yen against the dollar on speculation investors' appetite for riskier assets will improve at the same time as Japanese economic growth slows.


Dollar Rises Vs Rupee To INR39.74 Vs INR39.56 Monday India Close MUMBAI -(Dow Jones)- The Indian rupee fell to a near two-month low against the dollar Tuesday on concerns that slumping local stocks will prompt overseas investors to pull out funds, traders said. At 0340 GMT, the dollar was changing hands at INR39.74, up from Monday's India close at INR39.56.