Free Trial
AUD

A$ Rallies On More Hawkish RBA Outlook

USDCAD TECHS

Bounce Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MIDTERMS: GOP Hawks Poised To Take Leadership Of Armed Services Committees

US

Key members of the House and Senate Armed Services Committees are facing tight midterm races today.

  • Vice Chair of the HASC, Rep Elaine Luria (D-VI), and HASC members Rep Elissa Slotkin (D-MI), and Rep Jared Golden (D-ME) all vulnerable.
  • Senator Mark Kelly (D-AZ) of the SASC also facing a tight contest in Arizona.
  • If Republicans flip the House, defence hawk Rep. Mike Rogers (R-AL) is expected to take over as HASC chair.
  • If Republicans flip the Senate, Roger Wicker (R-MI), another hawk, likely to succeed ranking member Senator Jim Inhofe (R-OK) as chair of the Senate Armed Services Committee chair.
  • A shakeup of Congressional Armed Services panels could push Biden to commit substantially more to the must-pass Defence Authorization Act, or rush it through the lame-duck session of Congress.
  • Republican control of armed services committees could also drive a more hawkish US position on China and affect Senator Joe Machin’s (D-WV) energy permitting reform bill which Republicans and progressive Democrats blocked from riding on the stop-gap funding bill in September.
  • Manchin said last month: “I’ve tried to put it in the continuing resolution, and I’m working now on getting it in the National Defense Authorization.”

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.