U.S. Dollar in Forex Trading

229158 Resource 128460 120646 120646 1237837297765 1237837297765 Controlled Obama Administration Offers Specifics for New Rescue Effort

Financial markets receive surge of confidence on plan

Earlier today, the Obama Administration unveiled specifics about a bank rescue initiative meant to help get bad assets of bank balance books. Stock Market Funding reports on some of the <a href="http://www.stockmarketfunding.com/SMF-Blogs/Economic-Analysis/March-2009/New-rescue-effort-called-key-to-resuming-lending.aspx" target="_blank" title="Obama Administration, bank rescue, financial markets, U.S. dollar, forex trading, banking crisis, lending, economy">amounts of money involved with the latest bank rescue effort</a>: <blockquote> The administration also said Monday that the initial effort could grow to $1 trillion in purchases eventually, as the program proves successful in attacking the bad-books problem that has been at the heart of the worst banking crisis the United States has seen in seven decades. </blockquote> The thought remains that as bad assets are removed from balance sheets, lending will increase between banks -- and also between banks and consumers. This is considered vital to getting the economy moving again. As a result of the confidence felt by the financial markets on this plan -- and the details given by the Obama Administration -- it is thought that perhaps <a href="http://www.fx360.com/commentary/kathy/877/us-dollar-living-on-borrowed-time.aspx?aid=5704" target="_blank" title="Obama Administration, bank rescue, financial markets, U.S. dollar, forex trading, banking crisis, lending, economy">dollar weakness really is about to settle in to stay</a>. 9 application/xml false bad assets bank rescue banking crisis economy financial markets forex trading lending Obama Administration U.S. dollar U.S. Dollar in Forex Trading Forex trading news and analysis http://www.fx360.com/?aid=5704 Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.7) Gecko/2009021906 Firefox/3.0.7 127.0.0.1 127.0.0.1 mmarquit 66.182.66.2 false true false false true 128460 blog blogsite/GFTForex/web