Tag Archives: fiscal cliff

Dollar gains on safe haven flows as U.S. debt ceiling in focus

Markets and most taxpayers breathed a sigh of relief for a few days after the so-called fiscal cliff was averted but today focus turns to the U.S. debt ceiling. On January 1st  the United States Congress finally approved legislation, after months of gridlock, to avert $600 billion in immediate tax increases and spending cuts which risked tipping the U.S. economy back into a recession. Risk...

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January 3, 2013 @ 9:23 pm

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U.S. fiscal cliff averted after budget legislation approved

Markets were upbeat on the first trading day of the new year after news that the U.S. will be averting the so-called fiscal cliff. Lawmakers in Washington approved a budget deal literally by the “eleventh hour” which would help prevent massive tax increases and government spending cuts that would have dragged the American economy back into recession. After talks over the weekend and into...

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January 2, 2013 @ 11:23 am

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Fiscal cliff looms as end of year deadline approaches

Markets are cautious and mostly quiet on the last day of the year.  There is alot of uncertainty due to the political deadlock in Washington DC as the fiscal cliff looms. More than $600 billion of automatic tax increases and spending cuts are scheduled to take effect on January 1st 2013, and risk pushing the US economy back into recession. At the moment there are still significant differences...

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December 31, 2012 @ 10:28 am

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Dollar gains on safe have flows as fiscal cliff looms

The dollar is trader higher on Friday due to safe haven flows as focus remains on the fiscal cliff talks. U. S policy makers in Washington D.C. only have four days left to reach a budget deal in order to avert the so-called fiscal cliff on January 1st, when new tax hikes and government spending cuts are slated to kick in. Such measures would push the economy back into a recession. However...

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December 28, 2012 @ 11:37 am

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