23.03.2009 - Yen, Dollar slide on optimism Obama plan to aid risk appetite
From Bloomberg: The yen and the dollar fell, with Japan’s currency touching a five-month low against the euro, on speculation new U.S. government steps to help banks deal with toxic assets will boost demand for higher-yielding currencies. The dollar extended last week’s biggest decline since the 1985 Plaza Accord on speculation U.S. yields will drop following the Federal Reserve’s plan to buy Treasuries.....Full Article: Source
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