NY Session: Cliff negotiations, QE speculation driving sentiment

Sentiment was slightly higher and the US dollar traded mixed against the majors. It is higher against the Scandies and commodity currencies and softer against the EUR, GBP, and CHF. Equity markets rose after being chopped around by fiscal cliff headlines and treasury yields declined as Fed comments indicate that more QE is being weighed. US fiscal and monetary policy in focus Fiscal cliff talks continued drive markets despite the conflicting headlines. Just yesterday, House Speaker Boehner

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