Forex News and Rumors for October 1st, 2008

Interest Cut Rumors Push Down Aussie and Kiwi Dollars

As speculation grows that an interest rate cut is inevitable due to slowing economies, the Australian and New Zealand dollars both continue to lose value.

Read the full article

European Unemployment and Manufacturing Output Numbers Disappoint

European unemployment hit a year-long high in August, rising to 7.5% as manufacturing continues to decline.

Read the full article

Yesterday’s Market Rally May Hurt Rescue Plan’s Passage

With yesterday’s stock market rebound gaining much of Monday’s losses, convincing U.S. legislators to adopt the revised TARA (Troubled Asset Relief Act) may prove difficult.

Read the full article

Experts Predicts Gold Will Average $900 an Ounce in 4th Quarter

Industry expert predicts that wary investors will once again take up gold as a safe haven while waiting for markets to settle.

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.