AIG

As part of the new arrangement, the Federal Reserve is reducing a $85 billion loan it had made available to AIG to $60 billion. The Fed also is replacing a separate $37.8 billion loan to the insurance company with a $52 billion aid package.
The actions were needed to "keep the company strong and facilitate its ability to complete its restructuring process successfully," the government said.
It marked the first time money from the $700 billion bailout package Congress enacted last month has gone to any company other than a bank.
Emerging Markets are opening stronger this morning and I look for this to continue as we have a holiday here in the U.S. today. The Euro is slightly better bid and I am also looking for a move back to 1.3100-3200 by the end of the week.
Good Luck and Good Currency Trading.
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