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Market Reaction on Debt ceiling

U.S. stocks and U.S. dollar fell today over the concern for federal budget which will affect the U.S. economy in a larger way. Japanese yen appreciated against all the major peers as Japan’s finance minister Taro said that government should eventually lower its corporate income tax level resulting in the stronger Japanese Yen. Dollar index also fell down to 80.21 from 80.69. Gold and silver also went up on the concern as metals always react opposite to the dollar. There is still a question that whether government will open on Tuesday or not. I think there will be huge fluctuation in the market whatever decision will be made on Monday.