Dollar Lower But Stocks and Bond Yields Higher after U.S. Tax Cut Extension Deal

December 7, 2010

President Obama announced a tentative deal with Republicans that would extend all Bush era tax cuts for two years and unemployment insurance benefits for 13 months.  Congressional Democrats played little role in these negotiations. The dollar dropped 0.5% against the Aussie dollar, kiwi and sterling, 0.4% relative to the Canadian dollar, Swiss franc and euro […] More