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FXNEWS-Coordinated rate cuts may be in play this week

Mon, Oct 6 2008, 13:00 GMT
http://www.afxnews.com

Oct 6 (Reuters) - "Given the turmoil in global stock markets, emergency coordinated rate cuts...could be in play this week," says an analyst at Forex.com. "If global central banks step in and cut rates, this should see a relief rally in stocks and the initial FX reaction would be to take the yen lower."

Reuters Messaging: rm://gertrude.chavez.reuters.com@reuters.net

tf.TFN-Europe_newsdesk@thomsonreuters.com

cmr

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