Posts Tagged ‘fiscal-cliff’
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U.S. Senate approves “fiscal cliff” deal, crisis eased

by Forex Rooton January 1, 2013 2:54 pm BST
The Senate moved the U.S. economy back from the edge of a “fiscal cliff” on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives. In a rare New Year’s session at around 2 a.m. EST (0700 GMT), senators voted […]

Dollar Weakens as Obama Says Deficit Deal Is Close

by Forex Rooton January 1, 2013 9:49 am BST
The dollar fell against most of its biggest peers as President Barack Obama said Congress is “close” to a deal to protect all but top earners from a tax increase as part of deal to avert the so-called fiscal cliff. The yen weakened to a 28-month low against the greenback after Finance Minister Taro Aso […]

Investors agonize as U.S. teeters at edge of fiscal cliff

by Forex Rooton December 31, 2012 6:11 am BST
Financial markets across Asia and Western Europe were either closed or closing early on Monday, abandoning the field as the U.S. Congress and the White House battled it out for a solution to the impending “fiscal cliff”. Market holidays were in force in Japan, South Korea, Taiwan, Indonesia, Thailand, the Philippines and Vietnam, with half-day […]

EURUSD slightly higher; Fiscal cliff stalemate

by Forex Rooton December 28, 2012 7:32 am BST
The dollar slipped slightly against the euro ahead of weekend talks in Washington aimed at avoiding the “fiscal cliff” of tax increases and spending cuts, although the two sides appeared to remain far apart. The euro traded at $1.3246 (8221 pence), up about 0.1 percent from late U.S. trade, though shy of an 8-month high […]