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Wholesale Banking

Listen: US debt ceiling drama and what could be next for the dollar

As the US debt ceiling stand-off continues, members of Congress now have less than one week to raise the limit or face the possibility of a catastrophic government default. So what could be next?

An uncertain outlook for FX markets

Despite rising concerns over the possibility of reaching a complete impasse in the ongoing negotiations and signals from Federal Reserve members that rates could stay higher for longer, volatility has remained low and the dollar has risen.

ING's Global Head of Markets Chris Turner says there are a few possible factors that could explain the recent market calm. In this week's THINK aloud episode, he tells our Senior Editor Rebecca Byrne what could be expected if a deal is not struck by the 1 June deadline.

Find out more on the US debt ceiling on ING Think