$1T US Bailout May Crush Dollar's Rally

Plan's huge pricetag undermines confidence in the buck

By Jim O'Neill, Newser User

Posted Sep 22, 2008 6:18 AM CDT

(Newser) – The US plan to spend up to $700 billion on suspect mortgage-related instruments and a possible additional $400 billion to insure money market mutual funds may stabilize financial markets—but it’s just as likely to send the dollar into a dive, eroding its 3-month... Read full story »

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$1T US Bailout May Crush Dollar's Rally

Plan's huge pricetag undermines confidence in the buck

currency exchange • euro • US dollar • weak dollar • bailout • financial crisis

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