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Forex News and Rumors for September 12th, 2008

Japan’s Economy Output Declines

Japan’s economic output has recorded its sharpest quarterly fall in almost
seven years as the country appears to be falling into recession.

Read the full article [1]

Gold Falls to a One-Year Low

Investors continue to sell-off gold as it’s attraction as an inflation hedge fades.

Read the full article [2]

Banks More Willing to Borrow Through Discount Window

The Federal Reserve’s Discount Window [3] is considered by some to be a “lender of last resort” and for this reason, is sometimes shunned by commercial banks seeking operational funds. However, banks are turning to the Discount Window more frequently – together with the Term Auction Facility (TAF) [4] the Fed established last December – to acquire the funds needed for their daily operations.

Read the full article [5]

Lehman Shares Slide Further as Survival Prospects Dim

Fears intensify about the survival of the troubled Wall Street investment
giant, as it races to find a buyer or investor.

Read the full article [6]

No Let-Up in Inflation, Warns Bank of England Governor

Bank of England Governor Mervyn King [7] has warned British MPs
that inflation, now at 4.4%, is set to exceed targets [8] once again, an
indication of continuing tough times ahead.

Read the full article [9]

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
Scott Boyd

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