The same thinking is evident in the fixed income market where yields are down 5 bps across the curve. Speaking of the bond market, we've got this guy working on it.
It's not clear why the US dollar is selling off today. There is some angst building about the Republican ability to pass a tax cut. Last night, House Republican fiscal hawk Eric Burlison said of the latest budget proposal.
“It's pathetic... I'm inclined to not support it... Andy Biggs reminded us the growth and the interest on the national debt— I don't even think that this covers the growth and the interest payments, right?”They can only afford to lose two votes.
This article was written by Adam Button at www.forexlive.com. Read More Details
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