Market uncertainty as U.S bailout talks stall |
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The yen was up by more than 1% against the dollar on Friday after a meeting over the $700 billion U.S financial bailout package ended in stalemate. Adding to the unrest, Washington Mutual, the largest savings and loan bank in the States, was closed and its assets sold. JP Morgan and Chase stepped in to buy the assets of the biggest bank to fail in U.S history. Asian and European stock markets fell as investors bought the Japanese currency, seen as a safe haven. The heightened uncertainty in
Filed under: Technical
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