· EUR/USD hits fresh record high during Asian tradi, carry trades falter (again) as JP Morgan buys Bear Stearns for $2 per share.
· However, the US dollar staged a recovery and the DJIA ended the day in positive territory - Fed's rate decision on Tuesday bound to shake things up again.
Stories to watch on DailyFX
· What will the Federal Reserve do on Tuesday? Find out in our special report on the FOMC Rate Decision.
· Furthermore, what will it do to the US dollar? Find out in Trading the News.
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