Flash: Obama urges party to raise the roof - BTMU

FXstreet.com (Barcelona) - Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that US President Obama has refused to back down over the need to raise the debt ceiling.

Key Quotes

“(He states) that negotiating the issue would drastically change the US constitution.”

“In contrast many Republicans are determined not to lift it until unless they win concessions on the Affordable Care Act. Another political stand off heading into mid-October would likely weigh upon the US dollar.”