Dollar looses as Euro supply rise

Dollar dropped on the weekend against Euro and Yen as the Federal Reserve announced to buy treasuries and ramp currency supply. The U.S. currency is declining since last week and Australian and New Zealand currencies are gaining since the last three weeks.
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U.S. government to expand stakes in banks


U.S. government is preparing to expand ownership in banks. Wall Street prepared to fix financial crisis by increasing stakes in banks and the treasury department informed that the government stakes in banks will be converted from preferred shares to common shares.
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U.S. government files suit against UBS

U.S. government filed a suit against largest bank of Switzerland, UBS stating that the bank hid account details of as many as 52,000 American customers who were hiding their income details and not paying taxes.
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Financial stocks are flat on market

The financial stocks in U.S. market stayed at a low level as the investors are expecting that the government to plan to nationalize some of the biggest banks of the country to stabilize the fiancé market.
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