Boehner made clear the leo vegas casino 5 million mistake debt ceiling would not be increased unless the White House addressed long-term spending and budget issues.
At the Bank of Englands meeting this week, expect Governor Mark Carney's "lower rates for longer" mantra to be challenged again.
Meanwhile, the 17-member single currency remains entrenched in a three-cent scope,.34-1.37 consolidation range, with some dealers believing its upside could run out of steam while a re-test of the.3645 and.3710 peaks cannot be ruled out in the near-term.
Any indicators produced by the Fed, and any private companies, remain unaffected.Any heightened concerns.S.Financial markets have, so far, reacted with relative calm to the impending debt deadline investors have somewhat bought into the idea that lawmakers would be able to lift the debt ceiling.However, the stellar comments by the House speaker over the weekend could add further unease to a forex market thats probably wondering if we would have inched so close to the precipice of economic disaster without all the political brinkmanship.So far, the mighty dollars decline remains gradual as traders are reluctant to bet heavily against it while not knowing when lawmakers may build a compromise.Investors will try to remain tight with their "wait and see" approaches.John Boehner, Speaker of the House of Representatives, said his Republican majority would not pass bills to fund the government or increase the debt ceiling unless the Obama administration was willing to make concessions on health care there is nothing new in this, however, this.In the overnight poker championship barcelona winner session, USD/JPY was able to print a fresh one-month low below.90 after the Nikkei 225 again slumped by -1.2 to close below 14k.
Against sterling, the GBP has rebounded from last week's late sell-off (1.6059 with dealers noting that the gains have mostly been driven by the plethora of positive economic.K.
How much longer must capital markets wait for common sense in Washington to prevail?
Some politicians on Capitol Hill are blindly playing what equates to a game of high stakes poker.
Growth schedule that capital markets have become accustomed to of late will only have a negative knock on the rest of the world.
When all federal agencies go back to work, the market can expect a cascading of mostly irrelevant data points to be battered about until "lost time has caught up with the present." Based on the original schedules pre-shutdown, the main focus for traders this week.Also noteworthy this week will be the.S.Current federal budget issues do not affect this release.Jobs report the granddaddy of economic indicators is technically the beginning of a slew of economic releases that is expected to be shelved until the government reopens.Budget brouhaha will soon be resolved.This is not too dissimilar to many investors who may continue to hold a view that the.S.However, this time around, Boehner insists, there are not the votes in the House to pass a clean 'continuing resolution' (short-term funding measure with no strings attached that would allow the government to reopen).
Can eliminate its fiscal policy uncertainties, the sooner global markets can get back to business.
Treasury reaches its borrowing limit.