Forex Flash: Plenty of negative fiscal cliff headlines to come; should boost USD - Wesptac

FXstreet.com (Barcelona) - The prospect of no agreement on the 'fiscal-cliff' front in the US until at least mid-December, according to Sean Callow, FX strategist at Westpac, "fits our view that the two sides are starting negotiations from rather distant points" he notes, and as such, "there will be plenty of negative headlines in coming weeks that weigh on Treasury yields and boost USD, which is yet again trading like a safe haven even when the bad news is generated by the US" Sean adds.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

RELATED TOPICS