Yesterday trading session was passing under undiverted expectation of news from the USA and as it has been predicted - the decision was made at the last moment. The day ended up with the news that the Senate of the USA almost unanimously voted for temporary increase of a ceiling of a national debt and renewal of financing of the government, a bit later the House of Representatives also approved the document.
Let's remind that earlier the Congress of the USA also voted for the law which resumes government financing till January 15, 2014 and prevents default threat at least till February 7, 2014.Now actually only the final decision of the president needs to be obtained. However, Barack Obama already before declared that he will sign the bill immediately. Thus, Washington kept the firm traditions - rescued economy from a default at the last minute time.
Obviously these awaited news gave an immediate boost to the markets before closing and we could observe some kind of a dynamic rally. Dow Jones raised on 1,36%% to level of 15373,83 points, Standard & Poor's 500 increased by 1,38%% to a level of 1721,54 points, and the index of high-tech industries Nasdaq Composite went up for 1,20%% and reached a level of 3839,43 points.
As to the currency market, then we could not see any positive support for dollar and so far dollar is continuing to weaken to other major currencies. Most probably awaited decision of the congress has been already put in the price. Now after the solution of a question comes understanding of how much politicians did harm the American economy with all the fights. It is possible to expect correctional kickback in EUR/USD pair with next purpose based on 1,36.
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