Politicians are not helping the USD - 26.7.2011

US Dollar USD weakening has been caused by Obama having confessed he’d found himself in a dead end in negotiations over raising of the national debt limit. The president insists that tax exemptions should become a part of the bigger decision while the republicans only agree on moderate cut expenses. Obama considers the Bonner’s two-steps limit increase plan useless and unable to help the USD out. This he says might bring significant problems up some six months later once there’s another voting under the circumstances which today are hard to predict. Asian session has been truly stressful for the USD weakening against Euro, British pound and Swiss franc. US Dollar is being pushed everywhere today. Euro European problems are currently stepping out from the media’s focus leaving even more room for the US Dollar tragic comedy. Euro today is enjoying the part of the Dollar’s rival winning the better look against other currencies as well. The lack of important statistic figures allow investors use Euro while turning the blind eye on the European deep problems. Nevertheless this should not last. Yen The yen’s strengthening is pounding hard and at the business’ patience while the officials only promise the wider intervention.