The dollar wallowed near three-year lows on Friday as heightened fears
of a U.S. government shutdown unnerved investors, while U.S. Treasury
yields continued an upward march to hit their highest levels since
September 2014.
Legislation to stave off an imminent federal government shutdown
encountered obstacles in the Senate late on Thursday, despite the
passage of a month-long funding bill by the House of Representatives
hours earlier.
Without the injection of new money, no matter how temporary, scores of federal agencies will be forced to shut starting at midnight on Friday, when existing funds expire.
The dollar index, which measures the greenback’s value against other major currencies, was down 0.3 percent at 90.230 .DXY and close to three-year lows hit this week.
It has already lost 2 percent in the early days of 2018.
Without the injection of new money, no matter how temporary, scores of federal agencies will be forced to shut starting at midnight on Friday, when existing funds expire.
The dollar index, which measures the greenback’s value against other major currencies, was down 0.3 percent at 90.230 .DXY and close to three-year lows hit this week.
It has already lost 2 percent in the early days of 2018.
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