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U.S. government borrowing

Dollar Remains Uncertain After U.S. Debt Vote

January 24, 2013 12:14 am GMT+0  in Forex Fundamentals and News

U.S. found temporary relief with the U.S. house vote for rising the borrowing limits today. The vote went into favor of increasing the government borrowing limits from the current 16.4 trillion U.S. dollars. The catch is that it is a temporary extension with a limit of May 19th. The voting result was 285 for versusRead the Rest…

Commodity Currencies Losing Direction Amidst Uncertain Economic Outlook And Psychological Pressure

January 23, 2013 7:13 am GMT+0  in Forex Fundamentals and News

Commodity currencies has been seeing a directionless volatile moves against the U.S. dollar. AUD/USD has tried twice to touch the psychological 1.0600 level since yesterday but failed miserably. First time it had gone as high as 1.0578 and then after a drop to 1.0549 it again recovered but failed strongly at 1.0574 and fell sharplyRead the Rest…