Forex - Market worries on Deficit implications of the $700bio Bailout |
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Forex News and Events: The Dollar tumbled, hitting multi-week lows against the Euro and against Sterling on Monday as the US government's bailout plan to ease a financial credit crisis reignited worries about the country's massive budget deficit. The $700bio package, which is awaiting congressional approval, would give sweeping powers to the US Treasury to buy mortgage-related bad debts from financial firms, including US subsidiaries of foreign banks. But analysts say foreign investors will be
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