Bell Potter

Bell FX: The AUD is trading at about USD 0.9050 which is nearly one US cent lower than late yesterday. There has also been an announcement from congressional politicians about a bipartisan budget deal that could avert another US government shutdown - one of the reasons that held the Fed back from tapering earlier this year. News yesterday of a US budget deal that averts the risk of a government shutdown early next year or in October 2014 has evidently failed to resonate strongly. The deal does not eliminate risk of another debt ceiling debacle in the next northern spring, though President Obama does now have authority to lift the ceiling in the absence of a 'super majority' of Congress opposing it. Today's Forecast Range USD: 0.9005 - 0.9075


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