The Effects of the Automaker Bailout Plan

[FXexpert]

Full Article can be found at: Forex Secrets Blog

USD hits 13 year low vs. JPY

The USD hit an all time low against the Yen on Friday, before taking the first steps in
recovering due to the Bush Administration's pledge to help the ailing big 3.

The Dollar, which has been falling against the Yen for some time now, took it's deepest hit when congress rejected a $14 billion automaker bailout plan Thursday evening. The congress' second rejection of a plan...

[Enivid]

Originally Posted by FXexpert

Full Article can be found at: Forex Secrets Blog

USD hits 13 year low vs. JPY

The USD hit an all time low against the Yen on Friday, before taking the first steps in
recovering due to the Bush Administration's pledge to help the ailing big 3.

The Dollar, which has been falling against the Yen for some time now, took it's deepest hit when congress rejected a $14 billion automaker bailout plan Thursday evening. The congress' second rejection of a plan...

Do you think dollar will continue to depreciate against the yen if the bailout plan fails and the Detroit automakers will have to file bankruptcy under Chapter 11?

I think the US government needs to borrow at least US$1 trillion in the coming year, excluding the US Treasury's $700 billion plan to bail out the financial and other industries

[FXexpert]

Yes I think the dollar would continue its depreciation against the Yen if the bailout plan would've failed, now it depends what GM, Ford(if they accept the money, they have yet to) & Chrysler do with the funds they've received. There are rumors that Toyota is laying off jobs as well due to slumping U.S. sales.

Any comments on how the recent economic bailout is affecting trading?

[onlinestock]

I personally feel that, this will not happen, as now govt. is in serious action mood, we might see better days than what are today. Dollar also will not depreciate further, this could be its lowest cut off. I am saying this because i had business meeting last week in some of my southern Asia offices. What i found was a bit surprising. First upon they are not much affected by this recession, neither they are caring about it. They are still progressing but now at a bit slower rate. This can be advantageous to us (take it as US or businessman). What you think?

[ForexTrader]

Thanks for the full article FX, going to have a read of it now, seems really interesting.

[orange2009]

it is very not good in the market but it depend

[FXexpert]

Yes orange2009 it depends on many factors.

[jimb12345]

i think you should let the automakers go bankrupt