The market reaction to headlines about potential compromise and Boehner backing off the debt ceiling are a good example of what will likely happen when a deal is eventually reached. Unless the deal comes like a bolt out of the blue (rare with so many leaks in Washington) or on the weekend, there will be a chance to chase the headlines.
The biggest USD gains were against CHF and JPY — the safe haven currencies. Expect that to continue. Since last Wednesday, when a shutdown became a real threat, U…
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