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Forex pairs in this Article » (Barcelona) - Commerzbank analysts believe that the negotiations about the "fiscal cliff" "constitute political toing and froing" and the different views made public about the talks illustrate it perfectly. "While the spokesman of the Republicans in the House of Representatives, John Boehner, did not record any substantial progress last week, the Democratic Senator Chuck Schumer was referring to exactly this progress", said Lutz Karpowitz, certain that the US politicians will solve the issue in time.

"Without the fiscal cliff the US economy will record strong growth in 2013 just as was the case following the revision of the Q3 data. Initially this is likely to increase risk appetite on the market, but then the dollar is also going to benefit from this development", added Karpowitz.
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