The US: Two steps forward, one step back… Still no debt ceiling agreement in place.
Last night it seemed that the Democrats in the Senate would await a proposal from the House of Representatives, which is dominated by the Republicans. However, this morning rumour
has it that the Senate will meet this morning (US time) to approve a proposal. Then the proposal must be discussed by the House of Representatives, but if the proposal is as is rumoured, it should be acceptable by the Republicans. BUT… the risk that we will get past 17 October before an agreement is in place is growing.
Read the full report: FX Research
Jyske Bank