Forex News and Rumors – Afternoon Update

Obama Aide Says More Bailout Money to be Earmarked For Consumers

An aide to President Barack Obama said today that more of the second half of the $700 billion Troubled Asset Relief Program (TARP) will find its way directly to consumers in a bid to free-up frozen credit markets. More

Gold Jumps to Highest Rate in Almost Five Months

Gold closed at its highest price in nearly five months in New York as investors fear that governmenr spending could lead to inflation. More

Canadian Dollar Marks Fourth Straight Day of Gains

It appears that the Loonie is on a hot streak against the U.S. dollar closing up for the fourth straight day. This is the first time since June that the Loonie has appreciated against the buck four days in a row. More

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.