White House: Latest offer a good faith effort to reach compromise

  • Opportunity is there to reach a fiscal cliff deal
  • Path to compromise is clear

Get ‘er done….

That’s as much of a olive branch as you are ever going to get from this White House. There is a deal to be done here…

Risk is reacting accordingly with EUR/JPY attacking levels not seen since February just shy of 111.50. Barriers are struck at that level.

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