Obama to sign new US debt ceiling into law

FXStreet (Bali) - Earlier towards the end of the US session we learned that the US Senate finally passed the debt ceiling bill by a final 'Yes' vote of 55 vs 43.

The passing of the bill means the government will be funded until March 2015, when the next round of negotiations are due. The bill is now off to Obama, who will sign it into law.

NZD/USD ends flat after reaching 4-week highs

The NZD/USD finished practically unchanged on Wednesday, after being unable to hold to gains. Recently rose slightly to 0.8321 after the release of the BusinessNZ Performance of Manufacturing Index (PMI) for the month of January.
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AUD/NZD weekly resistance intact

With the AUD/NZD weekly descending trend line still very much intact, the pair has breached the daily resistance but it has been restricted to a sideways channel between 1.0815 and 1.0874 since the run up from business done at 1.0775.
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