The German perspective - 22.10.13
What happened this week: This week was less exciting in terms of the hide market and more so regarding the government shutdown in the US and the dispute about the budget. Although nobody really expected the US to fail, the situation has had quite an impact on the global economy. Those who thought the last-minute agreement between the political parties in US would stabilise the dollar were wrong, because nothing has really been solved. However, for the markets it was the guarantee that easy and cheap money will continue, which is good news for the commodity markets.