FOREX-Dollar slides as markets brace for US bank bailout
* U.S. dollar slips, bank package uncertainty a minor blip
* U.S. financial stability plan to be outlined Tuesday
* Euro hits nearly two-week high vs dollar (Recasts, updates prices, adds quotes)
By Gertrude Chavez-Dreyfuss
NEW YORK, Feb 9 (Reuters) - The dollar fell broadly on Monday, as investors shrugged off a delay in a U.S. bank bailout package and focused instead on the positive impact of the plan on the beleaguered financial sector.
The higher-yielding Australian and New Zealand dollars also rallied, while the U.S. currency lost some of its safe-haven bids as investors saw the bank-rescue plan helping economies worldwide.
"Currency investors are holding out hope that this bailout package would be positive overall for the global economy and financial markets," said Kathy Lien, director of currency research at GFT Forex in New York.
"In my opinion, the fact that the euro, sterling, Aussie and Kiwi dollars are gaining against the U.S. dollar is a sign that there is some risk appetite in the currency market."
President Barack Obama's administration pushed back the announcement of the bank rescue plan, which had been scheduled for Monday, until Tuesday as the new administration pressed lawmakers to settle their differences over a giant economic stimulus plan in Congress. Continued...
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