2nd August 2011
Finally the United States gets the debt bill passed by the House of Representatives agreeing on rasing the debt limit to $2.4 trlllion. The vote passed 12 hours before Washington was to become unable to pay its bills. The fact that is done is of little relief for the market , the amount of time its has taken has been some what shambolic and has provide more volatility for a market which is alread considerbaly unstable. Foreign Exchange saw a relief in the dollar sell off which has been the theme since the start of July, the qustion is how long is it here for.
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