日本語
Español
中文
Русский
SINGAPORE, Sept 30 (Reuters) - The cost of short-term U.S. dollar funding in Asia jumped on Tuesday after U.S. lawmakers unexpectedly rejected a $700 billion vote to bail out the financial sector.
The rate on overnight dollar funds soared as high as 8 percent from 1.5-3.0 percent on Monday, dealers said. That compared to 10 percent earlier this month when Lehman Brothers' collapse sparked a resurgence in the year-old global credit crisis.
A trader in Singapore said the funds were traded between five and seven percent but a Kuala Lumpur-based analyst said the rate went as high as eight percent.
"The market is very, very jittery after the bailout failed," said the Singapore-based trader.
U.S. lawmakers rejected the bailout plan for the financial industry in a shock vote that sent global markets sliding as European authorities scrambled to prop up a slew of banks. [ID:nLT436737]
(Reporting by Kevin Yao; Editing by Anshuman Daga)
.
ng
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
Breaking Forex News
UK Recession Is Catalyst For Decade Of Business Change -CBI
Dow Jones | Mon, Nov 23 2009, 00:16 GMT
USD/JPY still flat in a tight range around 89.00 area
FXstreet.com | Mon, Nov 23 2009, 00:12 GMT
Pound remains close to past Friday’s lows
FXstreet.com | Mon, Nov 23 2009, 00:11 GMT
Gold up another $10- EUR and AUD bounce back
Forex Live | Mon, Nov 23 2009, 00:10 GMT
EUR/USD Current Price: 1.4865
FXstreet.com | Mon, Nov 23 2009, 00:10 GMT
Latest Updated Reports
EUR/USD Daily Outlook by AceTrader
Mon, Nov 23 2009, 00:10 GMT
Daily Market Outlook by AceTrader
Mon, Nov 23 2009, 00:07 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Mon, Nov 23 2009, 00:03 GMT
Daily Global Commentary - Partisan Bickering is not the Solution for Fostering Economic Growth by Northern Trust
Sun, Nov 22 2009, 22:24 GMT
Daily Video Recap - Greenback Extends Gains Heading into Weekend by CMS Forex
Sun, Nov 22 2009, 22:21 GMT
