SubscribeUS Session: Risk appetite returns as CIT receives $3bln pillar from bondholders
July 20th, 2009 • Related • Filed Under
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The dollar fell against majors as CIT Group obtained a $3 billion rescue loan from bondholders, tempering risk aversion in the market and sent the dollar lower across the board. The EurUsd rose 103pips and consolidated around the 1.42 level as the dollar stabilized. The GbpUsd surged 200pips and hovered around the low range of 1.65. The UsdJpy edged up 18pips to 94.2 as risk aversion wan. Equity… | ||||||||||||
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CIT Rescue Shows Credit Isn’t Dead
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CIT Makes Tentative Deal With Bondholders to Avert Bankruptcy
(naked capitalism, 7/20/09)
Is CIT Group "Too Big To Fail'?
(Wealth Daily, 7/14/09)
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