As reported at 9:03 a.m. GMT on March 2, 2009, in London, the USD hit a 3-year high against a group of currencies as news spread that the United States federal government plans to inject additional money into the struggling American International Group and this prompted investors to buy the U.S. Dollar as a safe-haven currency. According to reports, the federal government is ready to inject about $30 billion lifeline into AIG as the company prepares to report a huge quarterly loss today, the largest quarterly loss in U.S. corporate history.