The US Congress doesn’t seem to be able to find a compromise concerning the US debt ceiling. The issue has to be resolved to until February 27th if the US wants to avoid a technical default.
The reasons why the Republicans cannot compromise are the specific level of the US debt ceiling and the very necessity of increasing the debt ceiling. At this point, there is no solution. Still, the Congressmen are still discussing the variants at hand.
The thing is that the Speaker of the House of Representatives needs to find support among the majority of the Republicans in order to rase the debt ceiling once again and save the USA form defaulting on its debt.
The thing is that the deadline is much closer (the end of the week) since the House of Representatives is going on vacation till February 25th. The decision should be made on February 27th since the US government will be left with only $50bn by that time while the daily expenses of the US government are roughly equal to $60bn a day.
Still, most experts are almost sure the compromise will be found just in time to save the day for America and its dollar.
Meanwhile, the US Dollar index keeps trading within the 81,58-79,06 range, Masterforex-V Academy reports. The closest levels of resistance are located at around the local highs of formed in January and November of 2013 - 81.525 и 81,58. The closest levels of support are still represented by 79,52 and the nearest border of the MF sloping channel.
