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Dollar falls after US shutdown

Posted By admin On October 1, 2013 @ 5:10 am In Money Watch | Comments Disabled

BBC News [1]
October 1, 2013

The dollar has fallen against a range of currencies, driven by fears that a partial shutdown of the US government will hit the country’s economy.

Analysts said the fall in the dollar had not been more pronounced as the shutdown had been expected.

The shutdown began after the two houses of Congress failed to agree a budget.

The dollar fell to an eight-month low against the euro and a one-and-a-half year low against the Swiss franc, which is seen as a haven currency.

It also weakened against the Japanese yen, and fell back against the pound.

Full article here [1]

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[1] BBC News: http://www.bbc.co.uk/news/business-24344727

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