Read The Full Text of the Remarks from Timothy Geithner

226003 Resource 119232 120646 120646 1234285590068 1234825732478 Controlled Timothy Geithner Sends U.S. Dollar Down Against the Japanese Yen

Yen gains against dollar in forex trading

This morning, Timothy Geithner, the Treasury Secretary for the Obama Administration, made remarks about the economy while unveiling his bank rescue plan. The plan is expected to cost between $1.5 and $2 trillion. Additionally, it will contain a number of measures, including <a title="bank rescue, Timothy Geithner, Barack Obama, Obama Administration, U.S. dollar, forex trading, currency trading, FX market" target="_blank" href="item/225934">private funding</a> in addition to public funding. On the news of the expenditure, as well as continued pushes by President Barack Obama to get an economic stimulus package passed in the Senate, the U.S. dollar is falling to the Japanese yen in currency trading on the FX market. Indeed, the yen is becoming the safe haven currency of choice in forex trading, while investors become concerned about the long-term viability of the U.S. dollar. The amount of debt expected to be racked up be economic stimulus and bank stabilization measures is expected to undermine the strength of the greenback down the road. Fundamentals aren't the focus now, but what if they are later? 9 application/xml false bank rescue Barack Obama captyx-hook._bottom:sociofluid currency trading forex trading FX market Obama Administration Timothy Geithner U.S. dollar Read The Full Text of the Remarks from Timothy Geithner Bank rescue plan outline http://www.marketwatch.com/news/story/story.aspx?guid={F6F46645-1582-4999-8AFB-186EA763C78F}&siteid=rss U.S. Dollar in Forex Trading Currency trading on the FX market http://www.gftforex.com/land/index.asp?aid=446 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.6) Gecko/2009011912 Firefox/3.0.6 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 119232 blog blogsite/GFTForex/web