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8 Oct 2013
Flash: Deal or No Deal? – TD Securities
FXstreet.com (London) - Research teams at TD Securities explained that opposing camps in Washington remain far apart—so much so that both Japan and China, large US creditors, have both expressed concern about the state of affairs directly to the US administration in the past few days.
Key Quotes:
“Pressure for a deal is rising but rhetoric suggests that a quick deal is unlikely”.
“The pressure of the October 17th debt ceiling deadline might be needed to pull the sides together—something that we think looked very likely after the government shutdown extended beyond day 1”.
“Uncertainty suggests whippy and perhaps directionless range trading will continue in the near-term as investors chase headlines and react to the news flows”.
Key Quotes:
“Pressure for a deal is rising but rhetoric suggests that a quick deal is unlikely”.
“The pressure of the October 17th debt ceiling deadline might be needed to pull the sides together—something that we think looked very likely after the government shutdown extended beyond day 1”.
“Uncertainty suggests whippy and perhaps directionless range trading will continue in the near-term as investors chase headlines and react to the news flows”.