Forex - US financial turmoil is worsening but FX market await data later this week |
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Forex News and Events: The Dollar eased on Monday amid concern losses at US financial companies will continue to mount and further weigh on the slowing economy, limiting the Federal Reserve's ability to raise interest rates by year-end. Demand for the Dollar fell as Merrill Lynch said Lehman Brothers may post a loss in the Q3 and take an additional $2.5 bio write-down on home loans for the period. The report, which came after news that regulators seized two small US banks on Friday, put
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