Dollar down on bailout doubts |
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The dollar was down against the euro on Wednesday on speculation that the U.S government bailout of toxic mortgage-relation assets would not be as effective as first hoped. Fed Chairman Bernanke and Treasury Secretary Paulson gave more details on Tuesday about the proposed $700 billion rescue package which ran into stiff opposition from Congressional leaders. However the greenback strengthened against the yen as Warren Buffet’s Berkshire Hathaway Inc announced they were to invest $5 billion in
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