Heavy Sell-Off Of US Stocks Puts Downside Pressure On US Dollar
Posted on September 17, 2008 at 13:42 PM EDT
Stock markets are still spooked on Wednesday following the US government’s rescue of AIG (AIG), the world’s largest insurance company late Tuesday. In the forex markets, the US dollar is trading with a weaker hand. The aversion of a near-term collapse of AIG hasn’t brought joy to the US dollar, and fears of more trouble [...]