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TogamiTrader
Sep 29, 2021 5:44 PM

Anticipating Debt Ceiling Deal  

Euro Fx/U.S. DollarFXCM

Description

Let's be honest, the chances of congress not figuring out this debt ceiling problem are low, we should be positioning ourselves for the higher probability event. Disclaimer: I am not your financial advisor
Comments
inkysky
So you think government shutdown is bearish for Euro? US government is shutting down, not EU.
TogamiTrader
@inkysky, It is bearish for the EU because it makes the global markets less risk-on and the euro (by evidence of the covid crash) is a riskier asset to hold than the USD.
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