US Treasury’s Geithner talks fiscal responsibility

Source: www.forexlive.com

The tone emanating from the powers that be has certainly changed recently with comments moving away from worries over the banking system to promoting a more responsible fiscal stance when the economic recovery is firmly in place. Geithner’s comments today echo that fact saying that there are initail signs of an improving economy but challenges are still very substantial. Once the recovery is under way, he says, the US must get its fiscal house in order. Eur/Usd is pivoting around 1.4000.


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