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Forex News and Rumors for September 3rd, 2008 – Afternoon Update

Tokyo Mitsubishi ‘interested in buying’ Lehman Brothers

Seems the Korean Bank of Development is not the only suitor for Lehman Brothers. Tokyo Mitsubishi Bank has entered the bidding to acquire the American Investment Bank. Other bidders include HSBC, three Hedge Funds and an unnamed Chinese Bank.

Read the full article [1]

Aussie Dollar Falls Against US Dollar

Unwinding of carry trades force down the Aussie dollar.

Read the full article [2]

Greenback Climbs to Nine-Month High Against Euro

U.S. Factory Orders in July beat expectations and helped the dollar add to earlier gains on the euro.

Read the full article [3]

Pound Continues to Fall

The pound had another losing day on Wednesday as it continues to give up ground to the dollar.

Read the full article [4]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

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