Forex News and Rumors for September 19th, 2008

Gold Futures Fall as Markets Rally

After two days of wildly-fluctuating prices, gold futures fell over $40 as markets rebound.

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Stocks Rally on News of Fed Proposal

U.S. Federal Reserve Chairman Ben Bernanke announced plans to provide additional funds to ease credit crisis.

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Yen to Reach 100 to the Dollar?

A former top-official with Japan’s Finance Ministry sees Yen reaching 100 to the dollar compared to its current 106.72, arguing that there is no “quick fix” to the U.S. market crisis.

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Crude Marks Third Day of Gains

As plans come together to rescue financial markets, investors still turn to oil as a safe hedge pushing crude higher for the third straight day.

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Regulators Move to Curb Short-Selling

The U.K. Financial Services Authority (FSA) together with other regulators including the U.S.-based Securities and Exchange Commission (SEC), moved to ban the short selling of shares of troubled financial services firms.

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