Forex - Dollar get support from news Buffet 5bio in Goldman Sachs and extended Federal Reserve swaps lines to Central Banks. - Forex Forum

 
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> Forex - Dollar get support from news Buffet 5bio in Goldman Sachs and extended Federal Reserve swaps lines to Central Banks.
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post Sep 25 2008, 1:00
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The Dollar edged up for a second day on Wednesday, helped by the view that the credit crisis was not just a problem for the US economy and currency, but would spill over to the rest of the world.

Testifying to the US Congress on Wednesday Federal Reserve Chairman Ben Bernanke urged immediate approval of the US Treasury's rescue proposal to thwart "serious consequences" for the US economy and financial markets.

Investors’ confidence in the Dollar returned, after news US billionaire Warren Buffett will invest $5bio in Goldman Sachs, and after the Federal Reserve extended currency swap lines to more central banks.

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