Source: ForexYard
Following the last minute deal reached by US lawmakers to avoid the “fiscal cliff” of tax increases and budget cuts yesterday, higher-yielding assets (EUR, AUD, NZD, crude oil) all saw upward movement after markets opened for the day.
Safe-haven currencies, including the US dollar and Japanese yen, turned bearish, as investors shifted their funds to riskier assets.
Main News for Today
US ISM Manufacturing PMI- 14:00 GMT
• Analysts are forecasting the figure to come in at 50.2, which if true, would signal expansion in the US Manufacturing Sector.
• If the figure comes in above expectations, higher-yielding assets could see additional gains during afternoon trading.
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