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Dean's Forex Blog:

The Pulse of the Forex Market

The Dollar Watch is a graphical representation of my estimate regarding US Dollar strength or weakness before the open of the North American markets. A high number of colored bars would indicate a better position for the USD versus all major currencies. Vice versa a low number of colored bars would indicate a weak average against major currencies.
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Dean's FX

Forex News and Rumors for September 3rd, 2008 - Afternoon Update

Posted on September 3rd, 2008 at 4:00 pm by Scott Boyd

Tokyo Mitsubishi ‘interested in buying’ Lehman Brothers

Seems the Korean Bank of Development is not the only suitor for Lehman Brothers. Tokyo Mitsubishi Bank has entered the bidding to acquire the American Investment Bank. Other bidders include HSBC, three Hedge Funds and an unnamed Chinese Bank.

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Aussie Dollar Falls Against US Dollar

Unwinding of carry trades force down the Aussie dollar.

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Greenback Climbs to Nine-Month High Against Euro

U.S. Factory Orders in July beat expectations and helped the dollar add to earlier gains on the euro.

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Pound Continues to Fall

The pound had another losing day on Wednesday as it continues to give up ground to the dollar.

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Filed under: Forex Trading News and Rumors

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