News Headline Summary

Fed's Lacker says expects deal to avert fiscal cliff

Says:

- Cliff uncertainty sidelining investors.
- Fiscal sustainability makes Fed's job easier.
- Economy growing around 2% annually.
- Sees moderate growth ahead.

Update details:

- Of note, he is a voting hawk and the renowned dissenter on the FOMC.

Reaction details:

- EUR/USD unmoved by his comments, trades 1.2782 (-30pips) last.

Print 22:54, 19 Nov 2012 - Asian News - Source: Newswires