US President Trump: A two-year deal on debt limit suspension has been struck

The US President Donald Trump again took his twitter handle to convey the Republicans’ victory in managing the world’s largest economy while conveying the news that the policymakers at the Congress have agreed over a two-year suspension to the debt limit.

Key quotes:

I am pleased to announce that a deal has been struck with Senate Majority Leader Mitch McConnell, Senate Minority Leader Chuck Schumer, Speaker of the House Nancy Pelosi, and House Minority Leader Kevin McCarthy - on a two-year Budget and Debt Ceiling, with no poison pills.

This was a real compromise in order to give another big victory to our Great Military and Vets!

FX implications

Given the mostly expected turnout, Forex market showed almost no reaction to the news that should have helped the US Dollar (USD) to gain if the consensus would have been otherwise.