Forex News: The USD came in for a beating overnight, as stocks fell on the back of bank downgrade warnings from Fitch and renewed concerns over the health of Freddie Mac and Fannie Mae, with the DJIA eventually closing down 2.1%. In Asia Thursday stocks largely ignored the U.S. markets woes, with the Nikkei managing a positive 0.1% close and with oil dipping back toward $136/bbl, the dollar gained a little respite. There's no first tier data on offer Thursday, so the highlight will be Bernanke and Paulson testifying before the House Financial Services Committee (1400 GMT).
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