FXCM Provides Color on Dow Jones FXCM Dollar Index

FXCM provided color on Dow Jones FXCM Dollar Index. In a research report published today, FXCM stressed that a failure to reach an agreement over raising the U.S. debt ceiling can have negative consequences for the value of the dollar.

In the report, “As U.S. policy makers struggle to meet on common ground, the heightening risk of a default has certainly dampened the appeal of the greenback, and the world's largest economy may struggle to maintain its AAA credit rating unless the two opposing parts sort out their differences and draw up a credible strategy to address the ballooning deficit. Until then, the Dow Jones FXCM Dollar Index may continue to face range-bound price action as uncertainty reigns supreme.”