INQUIRER.net: Washington paralysis sends dollar to 8-month low

INQUIRER.net Philippine News for Filipinos

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Washington paralysis sends dollar to 8-month low Oct 3rd 2013, 00:35 NEW YORK CITY—Washington's budget paralysis and worries it will lock up talks on increasing the US debt ceiling sent the dollar to an eight-month low against the euro Wednesday.   The second day of a government shutdown, because Democrats and Republicans have not agreed a budget for the fiscal year that began October 1, continued to erode confidence in the greenback and other financial markets.   At 2100 GMT, the euro traded at $1.3580, compared with $1.3527 late Tuesday.   The yen gained, meanwhile, despite concerns that a new sales tax hike, seen as crucial to shrinking Japan's debt, would derail a budding economic recovery.   The dolla... Keep on reading: Washington paralysis sends dollar to 8-month low Media files: us-dollars1.jpg (image/jpeg)

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