Archived IMT (2008.09.29)

The spread of banking failures to European shores is dealing an all assault on global risk appetite, dragging major currencies against the US dollar, with the British pound faring as the largest loser. The US currency is falling nearly 80 points off its 106.90 session high as the Japanese currency overtakes the dollar (and the franc) investors seeking of safety.S&P500 futures down 20 points. Cable eyes $1.7910, followed by $1.7850. USDJPY eyes 105.80.