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How Will the Dollar React, if US Defaults?
Broad weakness in the United States Dollar is prompting the rest of counterparts to rally at an accelerated rate. The Swiss Franc, the New Zealand Dollar, and the Canadian Dollar are all making yearly highs against the greenback. Market participants continue to weight in a potential default from the United States in midst of a political theater wrestling for extra votes. The United States credit rating which remained at triple-A since 1917 is in jeopardy of being downgraded, if the United States government does not extend the debt ceiling by August 2nd. A lack of an extension of the debt ceiling will force the United ... (full story)
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