USD Supported by Bailout Plan |
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9/8/2008 2:30 PM: EUR/$..1.4097 $/JPY..107.97 GBP/$..1.7524 $/CHF..1.1326 AUD/$..0.8117 $/CAD..1.0685 USD Supported by Bailout Plan The greenback was bolstered by the US government¡¯s decision to bail out Fannie Mae and Freddie Mac, announced Sunday by US Treasury Secretary Hank Paulson, sending the dollar to its highest level since October 2007 against the euro at 1.4059. Paulson said that ¡°Fannie Mae and Freddie Mac are so large and so interwoven in our financial system that a failure of
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