“There appeared to be a significant compromise brewing amongst Republicans (on Thursday) but given the bloated nature of the current tax code, for every compromise tabled there seems to be another band-aid fixed elsewhere,” said Stephen Innes, head of Asia-Pacific trading at Oanda.
“Understanding and patience will be the name of the game for this to pass but it would not surprise me if we found ourselves back dead in the water next week.” Easing concerns about Spain’s Catalan independence crisis provided support to the euro.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.