(Reuters) - The dollar rose to a two-week high against major currencies on Thursday as optimism grew that lawmakers in Washington might reach a deal to avert a potential U.S. debt default.
U.S. House of Representatives Republicans are considering signing on to a short-term increase in the government's borrowing authority to buy time for negotiations on...
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Wall Street jumps on signs of progress in Washington talks
(Reuters) - U.S. stocks rallied strongly at the open on Thursday, with each of the major indexes climbing more than 1 percent, as investors were encouraged by signs of progress in fiscal negotiations in Washington.
According to a Republican leadership aide, U.S. House Republicans are considering agreeing to a short-term increase in the government's borrowing authority,...
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Daily Market Review for October 9th 2013
Major Economic Data to keep an eye on:
We have a busy schedule this morning. Make sure to keep track of economic news related to your open positions.
GBP- Industrial Production (YoY) – 9:30 GMT
GBP –Manufacturing Production (MoM + YoY) – 9:30 GMT
GBP – Trade Balance – 9:30 GMY
EUR – German Industrial Production (MoM) –...
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Six dangerous myths about the debt ceiling
With Congress dragging its feet on raising the debt ceiling, there are a lot of silly ideas making the rounds of cable TV networks, blogs—and the halls of Congress. Here are six of the most dangerous misconceptions being offered by those who doubt the severity of the havoc a debt freeze would unleash.
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