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Excerpt from:  Forex Analysis
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October 02, 2008

U.S. Dollar Gains in Currency Trading

Greenback up in FX trading on Senate bill
Yesterday, the bailout bill passed the Senate. It was slightly modified and updated from the version that was failed earlier this week in the House.

The U.S. dollar made gains in currency trading on the news that the Senate approved the bill. It is seen as positive for the economy (at least in the short term).

However, jubilation over the bill is a bit subdued, since the Senate version still faces a House vote.
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Topic Tags:  bailout bill, bailout Sentate, currency trading, FX trading, greenback FX trading, U.S. dollar currency trading
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