Dollar trading low as Treasury bailout plan hits confidence |
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The greenback traded very low against the euro on concerns that the U.S. government proposal to buy $700 billion of troubled assets will hit confidence in the nation's finances. The greenback traded low versus the major currencies as Treasury Secretary Henry Paulson's plan would increase the nation's debt ceiling by 6.6 percent to $11.315 trillion. Also weighing on the dollar is the U.S. report this week that may show home sales fell, adding to the case for the Federal Reserve to cut interest
Filed under: Technical
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