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The latest bank bailouts have boosted global risk appetite and left the dollar falling against most other major currencies Friday. The major exception to this is the yen, which as a low-yielder, suffered even more than the U.S. currency.The Dow Jones Industrial Average was recently up 97 points, or 1.2%, at 8309.74. Among its components, Bank of America slipped 2.7% after a $20 billion injection of government funds to bolster its balance sheet. Asian markets rose Friday to recover some of the lost ground from the previous session as a weaker yen aided Japanese exporters and investors pinned hopes on an economic stimulus package from the incoming U.S. administration.
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