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5 Oct 2013
Flash: Mixed views on Boehner comments – BBH
FXstreet.com (London) - Research team note that the US dollar is narrowly mixed against major and emerging market currencies post Boehner's comments.
Key Quotes:
“Comments by House Speaker Boehner that he will form majority bloc to avoid a default by the Federal government is being understood two ways”.
“On one hand, some take from his comments that a protracted closure could last to October 17, when the debt ceiling is thought to be reached, or possible a few days later when the Treasury projects it will exhaust its cash”.
“On the other hand, some see in the comments a willingness to do the right thing”.
Key Quotes:
“Comments by House Speaker Boehner that he will form majority bloc to avoid a default by the Federal government is being understood two ways”.
“On one hand, some take from his comments that a protracted closure could last to October 17, when the debt ceiling is thought to be reached, or possible a few days later when the Treasury projects it will exhaust its cash”.
“On the other hand, some see in the comments a willingness to do the right thing”.