RBwood Posted November 16, 2012 Report Share Posted November 16, 2012 Hi guys, If you've been following the news lately, chances are you've heard something about the looming fiscal cliff in US and Europe as well. For educational purposes, (including mine) just wanna share this interesting article about how the fiscal cliff affects USD and gold as well. Hope you find them useful. How Will The Fiscal Cliff Affect The US Dollar Exchange Rate? Now the Presidential election is out of the way, attention will swiftly turn to the so-called ‘fiscal cliff’ in the United States. This is $600bn in automatic spending cuts and tax rises, due to come into place on January 1st 2013, unless action is taken to put the US on a sustainable fiscal path. Economists say the cliff has the power to plunge both the US and global economy into recession. So will it come into effect, and how will it impact the dollar in the meantime? What makes up the fiscal cliff? Read more here: http://www.purefx.co.uk/help-centre/daily-market-commentary/view/will-fiscal-cliff-affect-us-dollar-exchange-rate/ How the Fiscal Cliff Will Affect Gold Prices Now On news of a second term for U.S. President Barack Obama, investors didn’t show any excitement as the market fell 2.3% the day after Election 2012. The fiscal cliff countdown has come to the forefront of concerns this week, helping push the Dow Jones Industrial Average down more than 2% since last Friday. Read more here: http://beforeitsnews.com/economy/2012/11/how-the-fiscal-cliff-will-affect-gold-prices-now-2463466.html Link to comment Share on other sites More sharing options...
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