Bank of Japan Cuts Rates to 0.1% While US Gov't Bails out Auto Sector
The Dollar-yen pair fell overnight but recovered its losses in NY trading. There were two big pieces of news as the Bush administration said it would extend an initial $13.4 billion in loans to GM and Chrysler with an additional $4 billion likely in February in order to bailout the…
Source:Bank of Japan Cuts Rates to 0.1% While US Gov't Bails out Auto Sector
This entry was posted
on Saturday, December 20th, 2008 at 8:18 am and is filed under Forex Rates.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Leave a Reply
You must be logged in to post a comment.
