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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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URLs in this post:

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

[2] Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate: http://www.prisonplanet.com/dollar-falls-most-against-euro-since-1999-debut-on-fed%e2%80%99s-rate.html

[3] Dollar Falls as Bush Talks of Recession, Traders Bet on Fed Cut: http://www.prisonplanet.com/dollar-falls-as-bush-talks-of-recession-traders-bet-on-fed-cut.html

[4] Dollar Falls to Near 2009 Low as Economy Pares Refuge Demand: http://www.prisonplanet.com/dollar-falls-to-near-2009-low-as-economy-pares-refuge-demand.html

[5] Dollar Falls to 6-Month Low Versus Euro as Fed View Dims U.S. Asset Allure: http://www.prisonplanet.com/dollar-falls-to-6-month-low-versus-euro-as-fed-view-dims-u-s-asset-allure.html

[6] Dollar Falls Most Since 2011 as Central Banks Bump Up Stimulus: http://www.prisonplanet.com/dollar-falls-most-since-2011-as-central-banks-bump-up-stimulus.html

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