Listen: What the US debt ceiling drama means for the dollar
As talks to raise the US debt ceiling go down to the wire, and the threat of a default looms large, currency markets have remained remarkably calm. In this podcast, ING's Chris Turner discusses what could happen to the dollar if a deal is not agreed, and what he expects from the rest of the FX world in the months ahead
Members of the US Congress now have less than one week to raise the debt limit or face the possibility of a catastrophic government default. Yet market volatility has been low, and the dollar has risen this week after several members of the Federal Reserve warned that interest rates may have to stay higher for longer. In this podcast, ING's Global Head of Markets Chris Turner tells Senior Editor Rebecca Byrne why FX markets have been relatively calm and what he expects if a deal is not struck by the 1 June deadline.
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