EURUSD drops below 1.40 after a banking crisis is averted (for now). Kiwi tops movers for the day.
· Dollar rallies to an 11-month high after Lehman's early 3Q earnings report. Is a $3.9 billion loss and business split a promising sign for risk?
· The RBNZ surprises the market with a 50 bp rate cut, remarks that the economy is aleady in a recession and a nod to further easing.
Stories to watch on DailyFX
· Can the dollar maintain its rally with speculation of a Fed rate cut revived?
· See what trade setups are topping the DailyFX Analysts' lists in the DailyFX Analysts Picks section.
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