The Fed’s offer of a $85B loan to AIG failed to calm the financial markets, as the US dollar plummeted across the majors while the DJIA and S&P 500 ended the day down over 4%. Will the losses stop anytime soon?
· US dollar dives with risky assets as Fed intervention in AIG fails to calm investors.· What should you be watching on Thursday?
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Stories to watch on DailyFX[/B]
· How has the financial crisis impacted rate expectations for the Fed? Find out in Watch What the Fed Watches
· See what trade setups are topping the DailyFX Analysts’ lists in the DailyFX Analysts Picks section.
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