Fed May Extend Lending, Bernanke Said

 08.07.2008 22:13   actionforex.com

The dollar rose Tuesday as Federal Reserve Chairman Ben S. Bernanke said the Fed may extend its emergency credit facility program for Wall Street banks into 2009. The greenback was also supported by higher US equity prices. The EUR/USD declined and traded just above the 1.56-handle support. The GBP/USD fell...

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