Global forex market
US fiscal cliff came back again to haunt the markets. Republican Speaker Joh Boehner says that the House of Representatives will pass a bill to prevent tax increases on all income below US$1mil. But President Barack Obama indicates that he will veto the bill in the Senate another stalemate that pushed the Dollar Index (which measures the greenback against the currencies of six US trading partners) down 1.9% over the past month the second biggest drop among the G10 currencies.
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