US Debt Limit Talks Break Down, Currencies Mixed

Source: ForexYard US Debt Limit Talks Break Down, Currencies Mixed A breakdown in Congress over the debt limit this weekend has resulted in rather sporadic behavior in the forex market so far Monday morning. Though risk aversion appears to be rising, indicated by soaring precious metal values, the EUR also appears to be on the rise as the US dollar (USD) plummets. A sentiment of weakening US value appears to be seeping in as the August 2 deadline nears. Economic News USD – USD Bearish as Debt Talks Fumble The US dollar (USD) was seen trading bearish at the start of this week as traders began to view the lackluster performance of the US economy these past several . . . → Read More: US Debt Limit Talks Break Down, Currencies Mixed