Forex In 60 Seconds: Bear Stearns Bailout, Signs of Severe Credit Crunch Weigh on US

[B]·[/B] EUR/USD hits fresh record high, carry trades falter (again) as Fed, JP Morgan act to bail out Bear Stearns
[B]·[/B] USD/JPY breaks below key 100 level - will the Bank of Japan intervene? If so, when?

[B]Stories to watch on DailyFX

[/B]
[B]·[/B] The New Zealand dollar traded near 26-year highs once again, but there are signs NZD/USD may be in for a major reversal. Check out this week’s Hot Technical Formation.
[B]·[/B] Will the Bank of Japan attempt to stop the decline of USD/JPY? Find out more in our special report on FX Intervention.
[B]·[/B] Read more about why the US dollar tumbled today in our DailyFX Instant Insight.

[B]We love feedback! Tell us what you think about the 60-Second Summary: <[email protected]>[/B]