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Potential US Debt Ceiling Accord Triggers Marginal Relief Rally
Last week saw board pressure on stock and bond yields but today it seems all is forgiven. The US debt ceiling issue took a positive turn, with leaders in both parties, in both the House and Senate and President Obama, theoretical approving an agreement. The tentative deal gave risk a bid tone and took EURUSD up to 1.4416 and USDCHF 0.7930. AUDUSD and NZDUSD were back up above 1.10 and 0.88... ...More...
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