#ForexChief #dollar #forexnews #Eurozone #TreasuryBond #worldnews #forexmarket #Pelosi ⠀
💲 Wild dancing "on the ceiling": what to expect from the dollar?⠀
📈 The level of the US national debt has not been perceived by the market as a financial indicator for a long time, since the annual process of correcting the state financial "ceiling" is turned by officials into primitive political blackmail.
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After House Speaker Pelosi failed to vote on the infrastructure bill, the specter of another shutdown is becoming more apparent. Democrats are fighting for a broader welfare package of $3.5 trillion with additional climate spending, while Republicans are pushing for a "smarter" amount, but by and large, both sides are just bluffing.
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Biden, invited in the role of a decisive counterargument, said that timing is not important, but both packages should be accepted at the same time. Personally, Pelosi set the deadline for the adoption of both bills on October 31st.
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Biden is not yet worried about the national debt limit, as he signed an interim budget to finance the federal government until December 3. However, Yellen said the emergency bills will end on October 18, and after that date, a technical default is possible any day.
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Wall Street is confident that the nervousness of the situation so far manifests itself only in the Treasury bond market and distracts investors from the "pure"
dollar dynamics, so there is no need to fear strong currency speculations soon.
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Profits to y'all!