After Mini-Agreement: The EUR Needs The US ‘Can’ to be Kicked Further

From oanda.com

Did we really believe that something ‘positive’ was not going to happen? Again US policy makers have come very close to potentially pushing the global economy towards another recession with their fiscal spats and political voting antics. In the end, they only have themselves to blame for ruining their ringing in of a peaceful 2013. As of early this morning, both the US Senate and the House of Representatives have finally agreed a deal to sidestep, for now, the full onslaught of the US “fiscal-cliff” where automatic year end tax hikes and spending cuts were to automatically kick in. The bill, that is expected ... (full story)