US Session – Dollar buoyed by safe haven flows; fiscal cliff looms
Posted on December 21, 2012 at 10:14 pm GMTFailure to find a US budget deal ahead of the holidays gave the dollar a boost due to safe haven flows. Despite upbeat US economic data which showed personal income & consumption as well as durable goods orders for November all beat forecast, these failed to shift risk sentiment up. Risk appetite was dampened after a budget plan by the Republican speaker of the House of Representatives, John Boehner, failed to win support from his party. Demand for the most [..]