12/19/08 - Daily Forex Market News from cmsfx.com
Bank of Japan Cuts Rates to 0.1% While US Gov't Bails out Auto Sector
Friday, December 19th, 2008
There were some key announcement today as the Bank of Japan cut its benchmark interest rate to 0.1% and the US government said it would tap the TARP funds to give the auto auto industry a bailout. Markets saw continued Dollar strength as part of a correction.
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