Week in FX Americas – Obama Hits the Road to Pressure Republicans on Fiscal Cliff

United States President Barack Obama is using Christmas themed attacks at Republicans in congress who are blocking the fiscal cliff talks. Visiting of all places a toy factory, he said that not striking a deal will make everyone in America get a tax hit in January. He said “That's a Scrooge Christmas”

Republicans and Democrats are still apart and some are calling it a stalemate. Neither side has compromised creating uncertainty as the possibility remains of the US going off the fiscal cliff triggering tax increases and spending cuts starting January 1st.

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WEEK AHEAD

  • USD ISM Manufacturing
  • AUD Reserve Bank of Australia Rate Decision
  • EUR Euro-Zone Producer Price Index
  • CAD Bank of Canada Rate Decision
  • AUD Gross Domestic Product
  • NZD Reserve Bank of New Zealand Rate Decision
  • EUR Euro-Zone GDP
  • GBP Bank of England Rate Decision
  • EUR European Central Bank Rate Decision
  • USD Change in Non-farm Payrolls
  • USD U. of Michigan Confidence

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