Fed’s Bernanke Tips Hat to Rate Cut |
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10/7/2008 9:50 PM: EUR/$..1.3582 $/JPY..101.20 GBP/$..1.7508 $/CHF..1.1403 AUD/$..0.7070 $/CAD..1.1037 Fed’s Bernanke Tips Hat to Rate Cut The global financial crisis continues to drive the volatile movements in the foreign exchange market, with the yen and dollar benefiting from safe haven flows amid heightened risk aversion. The US equity bourses extended its dive for another session with the Dow Jones losing 5.1% to 9,447.11, the Nasdaq plunged 5.8% to 1,754.88 and the S&P 500 shredding
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