FX.co ★ Fundamental Analysis, July 29, 2011

Since U.S. politicians continued to play with fire during the day yesterday, were the investors who pushed the international market. The dollar gained against major currencies but, until now, the momentum of the dollar is weak and, indeed, be part of routine perishable trade within ranges. Gold retreated from its highs, but not much. Meanwhile, Wall Street was under heavy stress, since all the major indexes fell.

In the United States and in the absence of five days to the deadline of August 2 fatal, thanks to ever more limited time to reach an agreement, congressional Republicans and Democrats are still in talks over U.S. debt and prevent a moratorium, a further reduction rating on Greece's debt and rising interest rates in the placement of debt in Italy.

Although details are unknown progress. The point for investors is that while it is likely to be achieved eventually raise the U.S. debt ceiling by next Tuesday, an agreement without a strong plan of spending cuts, could lead to rating agencies rightly put in question the AAA rating of U.S. debt, a scenario that could also have a large impact on the markets.