The U.S. Dollar rebounded versus the Euro and Japanese Yen today because investors took a step back from risky positions when it became clear that Wall Street’s largest 1-day sell off in over 10 years was attributed to the refusal by the U.S. Congress to back President Bush’s $700 billion bail out package. The package called for the U.S. Government to buy toxic assets from faltering U.S. banks; the effort is an attempt to revitalize the strained lending markets.
