Harvey and Irma havent been the only recent hurricanes to hit the United States.
A political storm erupted in Washington as a Republican President cut a deal with Democrats in Congress to extend the US government debt limit for three months.
Yet this combination of events may help stabilise a US dollar that has been under severe pressure recently.
That may sound an odd conclusion. After all, hurricane damage on the scale wreaked by Harvey and Irma are not only a human tragedy but also economically disruptive.
And the three-month extension to the US governments debt limit may just be an exercise in kicking the can down the road.
But all this has happened with the US dollar already on the ropes, as a glance at the level of t…
Read the full article at: http://www.scmp.com/business/article/2110743/extending-us-govt-debt-ceiling-three-months-could-help-stabilise-greenback
