US Yields and Congressional Manoeuvrings will Dominate Near-Term Sterling and Euro Moves against the Dollar US developments are likely to remain dominant for currency-market moves in the short term. The deal between the US Administration and House Speaker McCarthy over the debt ceiling has eased immediate fears of a default, but the legislation still needs to be approved in Congress. There will be a slump in risk appetite if the Bill fails to gain majority support with the near-term manoeuvres in Congress watched closely. The House rules Committee is due to consider the Bill on Tuesday with a full vote on Wednesday. ... (full story)