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Forex News: House Stalls Plan for Budget Vote

Forex News: House Stalls Plan for Budget Vote

Gary Kerdus,

THE TAKEAWAY: House stalls plans for budget vote > Politicians may meet January 1 to reach agreement > Market uncertainty may spark risk aversion

US equities closed higher across the board prior the announcement that the House had no plans for a budget vote leaving markets with no solution on the Fiscal Cliff. News wires report politicians may meet on January 1 to reach an agreement. A failure to provide certainty to markets may stoke safe-haven demand and weigh heavily of risk appetite.

S&P 500, Daily Chart

Forex_News_House_Stalls_Plan_for_Budget_Vote_body_Picture_1.png, Forex News: House Stalls Plan for Budget Vote

US Dollar Index, Daily Chart

Forex_News_House_Stalls_Plan_for_Budget_Vote_body_Picture_4.png, Forex News: House Stalls Plan for Budget Vote

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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