Default in the USA: what to expect from the US dollar?

18 October 2013

Default in the USA: what to expect from the US dollar?Dear Clients!

The most discussed and significant news of this month is political, budget and debt problems of the USA. The situiation came to an end of its tether but despite the fact that default was prevented, the major reserve global currency was damaged in a long run. Main rivals of the American currency responded to that by a strong upsurge in quotes' values.

We remind that destiny of the American budget was decided on 17th of October. Investors had been edgily waiting for the result of negotiations in the Congress. US Senate managed to agree about raising of debt ceiling and renewing financial provision of state agencies thereby averting a technical default. On Tuesday Obama signed legislation raising the debt ceiling, which ended budget crisis in the USA.

What will happen to the US dollar and what will be its market behaviour? Watch the situation in the USA, as well as important economic and financial news in our calendar of events as well as in daily and weekly Fundamental analysis.

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Default in the USA: what to expect from the US dollar?

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