The U.S. dollar fell by almost 1% against the Japanese Yen as investors are wary about the impact of the $700 billion bailout plan aimed at dealing with the liquidity crisis in a comprehensive manner. The rescue plan is currently awaiting approval by the U.S. Congress. Once approved, it will give the U.S. Treasury the power to acquire all “toxic” mortgage-related debt currently on the books of financial institutions, including subsidiaries of foreign banks in the United States.

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