Forex – Dollar Slips Lower on Fears of U.S. Government Shutdown

Dollar loses ground amid U.S. political woes – 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 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 , 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 up 0.15% at 1.2256, while held steady at 1.3900.

The yen and the Swiss franc were stronger, with down 0.25% at 110.82 and with shedding 0.18% to 0.9570.

Elsewhere, the Australian dollar was also higher, with up 0.23% at 0.8017, while was little changed at 0.7297.

Meanwhile, was almost unchanged at 1.2416.

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