The U.S. Treasury still expects to pushupagainst its borrowing limit later this year, according to a funding update out Wednesday, but has access to emergency methods that can buy enough time for lawmakers to cut a deal on the fiscal cliff.
C. could prove supportive to the yellow metals in the weeks ahead if policy markets again push the US government upagainst its debt ceiling limit in the name of political partisanship.
This has helped to push the real up to a value of 100 against the currencies of its trading partners, compared with 68 at a moment of exaggerated weakness back in 2001.
One familiar explanation is that young women push hard at first to forge a career, but then bump upagainst a glass ceiling kept in place by a combination of antique male attitudes and the complication of organising child care.