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Forex News and Rumors for September 24th, 2008

How Low Can the Buck Go?

With a national debt already in excess of $9 trillion and close to another trillion likely to be added with Paulson’s rescue plan, some experts feel the combined weight of all this debt could drive the dollar to record lows.

Read the full article [1]

Aussie, Kiwi Dollar Falls

The Australian and New Zealand dollars both lost to the U.S. dollar as both countries experienced a drop in export prices for the previous month.

Read the full article [2]

FBI Investigating Actions of Executives

The FBI will look into the actions of executives with Fannie Mae, AIG, and Lehman Brothers to determine if shareholders were misled in the events leading up to the collapse of these corporate giants.

Read the full article [3]

Not Everyone Excited About Paulson’s Plan

Despite Treasury Secretary Henry Paulson’s assertion that a delay in delivering the proposed financial bailout plan will throw the economy into even greater turmoil, high-profile resistance remains.

Read the full article [4]

Buffet Buys Stake in Goldman Sachs

Warren Buffet’s purchase of a large piece of Goldman Sachs yesterday served as a voice of reason and helped lift stock markets while pushing down the price of gold.

Read the full article [5]

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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