Yahoo Finance Dollar Slips Lower on Fears of U.S. Government Shutdown
Investing.com - The U.S. dollar slipped lower against other major currencies on Friday, amid fears of a potential government shutdown on Saturday.
Sentiment on the greenback was vulnerable as U.S. lawmakers were struggling to agree on a federal budget deal on Thursday.
The dollar has also been pressured lower recently by concerns the global economic recovery will outpace U.S. growth and prompt other major central banks, including the European Central Bank to begin unwinding loose monetary policy at a faster pace.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.13% at 90.19 by 02:00 a.m. ET (06:00 GMT), re-approaching a recent three-year trough of 89.97.
The euro was higher, with EUR/USD up 0.15% at 1.2256, while GBP/USD held steady at 1.3900.
The yen and the Swiss franc were stronger, with USD/JPY down 0.25% at 110.82 and with USD/CHF shedding 0.18% to 0.9570.
Elsewhere, the Australian dollar was also higher, with AUD/USD up 0.23% at 0.8017, while NZD/USD was little changed at 0.7297.
Meanwhile, USD/CAD was almost unchanged at 1.2416.
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