Russia and China to give up on The Dollar in their Trade

China and Russia have decided to abandon the dollar and to use their own currencies in bilateral trade. This was reported by the Drudge Report website, quoting the China Daily. Chinese experts say the decision reflects the increasingly 'close relations between Beijing and Moscow does not aim to challenge the dollar but to protect the Russian and Chinese economies. The financial crisis has prompted Beijing and Moscow to choose an alternative currencies to their trade.

Stock Exchange: Tokyo closed in fall The Nikkei is -0.40%

TOKYO, NOVEMBER 26 - The Tokyo Stock Exchange closed trade in fall of 0.40%. The Nikkei index made up to 10039.56 points, less than the 40.20 at the closing yesterday.

U.S. dollar below 1.33 against the Euro

Slight recovery in the dollar this morning on the opening of the European market. The dollar was traded at 1.3268 against the euro, a slight recovery from yesterday's 1.3321.