London Session |
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The greenback weakened somewhat against the majors in London trading as the bailout of the US insurance giant failed to fully calm fears about the continued financial market turmoil. Indeed, the Fed lending as much as $85 billion to the troubled company prompted many investors to sell US bonds and the buck. Stocks overseas rallied with Asia and Europe both up about 1% as the bailout was viewed as positive there, given the alternative of a potential bankruptcy. The JPY crosses were
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