14, October 2013

EUR/USD (a 4-hour chart)

EUR/USD (a 4-hour chart)

U.S. President Barack Obama and Congress (Republicans) have not found any concrete ways out of their deadlock shutdown of the government and the enlarging of the U.S. debt ceiling at a meeting on Thursday.

Negotiations between Obama and Republican leaders of the house of representatives was described as a good meeting where Obama listened to John Boner, the speaker of the house of representatives, who explained Republican proposals for short-term enlarging of the U.S. debt ceiling.

The dollar largely ignored the worst unemployment figures for the last six months, as they have been distorted computer problems in California.

The dollar showed the first signs of a reversal after investors finally learned that the Central Bank in September was "on the verge" from the beginning of the collapse of incentives, suggesting it may still occur at the forthcoming meeting.