i would like to know how people think the dollar will react as well.
is the budget agreement a big change. will it change the us debt enough to get people to buy the dollar.
if the debt reduction is not meaningful, look out below.
if it were meaningful, it would go against what bernake was after with qe2 wouldnt it.
my guess is those guys in washington didnt want to increase debt massively by shutting the government down, so they did the bare minimum.
in other words, there may be relief for the dollar monday, but then back down we go.