Dollar pares some recent gains on news that Abu Dhabi is providing $10b to help Dubai World to meet it's obligations. Dubai will use $4.1b to repay an Islamic bond maturing today for Nakhell PJSC, its real-estate unit. The rest of the money will be used to pay trade creditors, contractors, interest expenses and be the working capital through April 2010. The news came in as a relief for the market and sent stocks higher.
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IWAN CAHYO SURYADI, "The Trend is Your Friend"
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