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Forex Flash: What’s next after the “fiscal cliff” episode? - UBS

By FXstreet.com,  January 02, 2013, 01:07:00 AM EDT

FXstreet.com (San Francisco) - The US Senate and the US House of Representatives approved a Bill Tuesday evening, designed to avert the full force of the US fiscal cliff. But Gareth Berry, Strategist at UBS offers his assessment of what markets can now expect regarding the ongoing US budget saga:

Mr. Berry explains in a research note: "With the full force of the US fiscal cliff temporarily averted, we should not rule out a replay of this scenario as we wind our way through 2013. The debt ceiling showdown is yet another risk in two months' time of course, but in the meantime the celebratory risk rally could temporarily extend at the dollar's expense."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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