Summary
The US dollar weakened against the euro yesterday after Lehman Brothers said it intended to file for bankruptcy and traders speculated the Federal Reserve might need to cut interest rates. American International Group (AIG) is seeking capital to avoid credit downgrades. Bank of America said yesterday that it had agreed to acquire Merrill Lynch. the world's biggest brokerage firm, for about $50 billion, after shares in Merrill plummeted over the past week.
Comment
I think that it's highly likely that the Fed will have to cut interest rates again.That's negative for the US dollar. Investors will be looking around at other vulnerable US financial institutions. We can be following the global financial news because it must effect our life too such as the cash flow of business, the price of petro, the trend of business potential.
Source
http://www.nationmultimedia.com/search/read.php?newsid=30083511&keyword=Your+Financial+Window
Amonwan Rungsiriyuenyong No.22 Section:6201 ID:1500208044
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