28.01.2009 - Yen trades near 1-week low on prospect U.S. to make ‘bad bank’
From Bloomberg: The yen traded near a one-week low against the dollar and the euro on speculation the U.S. will create an institution to remove toxic assets from banks’ balance sheets, reviving demand for higher-yielding assets. The yen also fell versus Norway’s krone and Sweden’s krona. The Federal Deposit Insurance Corp. may manage the so-called bad bank that the Obama administration is likely to set up as it tries to break the back of the credit crisis, two people familiar with the matter said yesterday. .... Full Article: Source
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