Thursday, February 12, 2009

US Dollar Tumbles as Q3 GDP Falls 0.5%


The US dollar fell sharply across the majors as US data was broadly disappointing, adding to the pile of evidence suggesting that the nation is in the midst of recession.It seems that the announcement of yet another Federal Reserve lending facility - this time to support consumer and small business loans - and additional bailout measures for Fannie Mae, Freddie Mac, and Ginnie Mae totaling $800 billion

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