Forex News and Rumors for September 26th, 2008

Yen Gains as Washington’s Rescue Plan Stalls

After losing ground to the dollar for four days as a bank bail-out plan seemed imminent, news late last night that the tentative deal had fallen through gave the yen a boost in early trading.
Read the full article

Experts Advise Shorting Euro

As confidence in the eurozone falters – particularly with regards to the German economy – analysts predict that the euro will fall sharply against the dollar.
Read the full article

UK Property Values Continue to Fall

Housing reports show a 1.9% decline in UK property values – this brings the total reduction for the year to 4.6%.
Read the full article

Washington Mutual Fails as Bad Debt Soars

Even if Congress finally passes the controversial $700 trillion rescue plan it will be too late to save Washington Mutual which was forced to shut down late Thursday. With over $300 billion in assets, it becomes the largest bank failure in U.S. history.
Read the full article

Republicans Blamed for Scuttling Rescue Plan

Rep. Barney Frank – Chair of the House Financial Services Committee – claims Republican in-fighting caused the tentative deal reached on Thursday to fail.
Read the full article

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.