Forex- Dollar Lower as Government Shutdown Weighs


© Reuters. The U.S. dollar continues to fall.

Investing.com – The U.S. dollar remained lower against other major currencies on Monday, weakened by the the U.S. government shutdown.

The U.S. government shutdown was in its third day after Democrats and Republicans failed to reconcile their differences over immigration legislation and pass a spending bill on Friday.

The Senate is expected to vote on a funding bill on Monday that would restore funding on a temporary basis but it is uncertain if they have enough votes to pass the measure. It’s the first time the government has shutdown since 2013, when the public sector was closed for 16 days.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.13% at 90.37 by 12:01 PM ET (17:01 GMT), not far from Friday’s three-year low of 89.96.

Elsewhere, the euro and the pound rose, with up 0.09% at 1.2234 and with gaining 0.62% to 1.3944.

The single currency found support following news that Germany’s Social Democratic Party voted on Sunday to begin formal coalition talks with Chancellor Angela Merkel’s conservatives, easing a political deadlock in the euro area’s largest economy.

The yen was lower, with rising 0.41% to at 111.15, while gained 0.11% to 0.9638.

Elsewhere, the Australian and New Zealand dollars were stronger, with up 0.07% at 0.8004 and with advancing 0.52% to 0.7310.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Comments

comments