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Forex In 60 Seconds: Bear Stearns Bailout, Signs of Severe Credit Crunch Weigh on US Dollar, DJIA (Video)

Saturday, 15 March 2008 00:18:07 GMT

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Written by Terri Belkas, Currency Analyst
·          EUR/USD hits fresh record high, carry trades falter (again) as Fed, JP Morgan act to bail out Bear Stearns
·          USD/JPY breaks below key 100 level - will the Bank of Japan intervene? If so, when?

 

Stories to watch on DailyFX

·          The New Zealand dollar traded near 26-year highs once again, but there are signs NZD/USD may be in for a major reversal. Check out this week's Hot Technical Formation.
·          Will the Bank of Japan attempt to stop the decline of USD/JPY? Find out more in our special report on FX Intervention.
·          Read more about why the US dollar tumbled today in our DailyFX Instant Insight.

 

 



We love feedback! Tell us what you think about the 60-Second Summary: tbelkas@dailyfx.com

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