Now that the political lines for the next couple of years are clear, the so-called fiscal cliff stands first on the agenda for President Obama and the existing Congress. The matter is urgent. Unless something is done between now and year-end, some $660 billion in automatic spending cuts and tax hikes will almost certainly toss the economy into recession.
Trading in currency options picks up after moves by the BOJ, ECB.
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“Owning virtual currencies is very risky and inherently speculative.”
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