Forex News and Rumors for September 16th, 2008 – Afternoon Update

Fed Leaves Key Lending Rate at 2%

The Federal Reserve decided that inflation concerns were more pressing that current financial instability and kept the 2.00% Federal Funds Rate unchanged.

Read the full article

Industry Efforts to Rescue A.I.G. Said to Falter

It isn’t clear that any solution, including one involving government money, will emerge to shore up A.I.G. The ailing insurance giant may file for bankruptcy as soon as Wednesday.

Read the full article

Russian Stocks Plummet

The MICEX stock index fell to its lowest in almost three years as tumbling oil prices and turmoil on Wall Street spread fear among investors.

Read the full article

Risk Aversion Boosts Yen and Swiss Franc

Investors continued to seek havens from the global equity sell-off on Tuesday, helping push the Japanese yen and Swiss franc higher.

Read the full article

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.