Dollar Slides Despite U.S. Fiscal Deal

SlideWas a fiscal deal ever in doubt? U.S. lawmakers certainly have a flare for dramatics. The two-week standoff between the Republican-led House of Representatives and the White House came to an end in the nick of time– just ahead of the Treasury-imposed default deadline. The main result for capital markets was the ability of U.S. lawmakers to offset two deadlines for a few months. Everyone else was only interested in how far down the road Uncle Sam would kick the can and they got their answer…

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