Daily Forex Technical Report - Senate Approved Rescue Plan, Euro Tumbles ahead of ECB |
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Action Insight Daily Report Senate Approved Rescue Plan, Euro Tumbles ahead of ECB Dollar extends rally against most major currencies after the $700b rescue plan was approved by US Senate overnight on a 74-25 vote. While the core of the plan was kept and the US government will be able to buy troubled assets from financial institutions, the plan is sweetened by increasing FDIC protection temporarily from the current $100k to $250k and a $149b package of tax breaks. The revamped bill will return
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