Dollar falls as Lehman files for Bankruptcy |
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The USD was down against the euro and the yen after the US’s fourth largest investment bank, Lehman Brothers Holdings Inc, planned to file for bankruptcy. This has sparked fresh concerns over the US economy and speculation that the Fed will cut interest rates. The central bank in the states implemented a series of measures on Sunday including accepting equities as collateral for cash loans at one of its credit facilities. However, the greenback’s decline was held in check as the Bank of
Filed under: Technical
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