Tuesday 15 October 2013

INQUIRER.net: Dollar mixed as US budget talks bog down

INQUIRER.net
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Dollar mixed as US budget talks bog down
Oct 16th 2013, 01:39

NEW YORK CITY—The dollar traded mixed Tuesday amid bogged-down US budget and debt ceiling talks that prompted Fitch to warn it could downgrade the US AAA credit rating.   The euro was trading at $1.3525 around 2100 GMT, down from $1.3559 at the same time Monday.   The Japanese currency, often considered a safe haven in times of uncertainty, firmed. The dollar fell to 98.16 yen from 98.67 yen Monday and the euro tumbled to 132.77 yen from 133.79 yen.   Financial markets were on tenterhooks as Washington politicians remained deadlocked over a deal to reopen the federal government and avoid default on its debts.   The US Treasury has warned ...

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