U.S. Dollar Humbled

The U.S. dollar slid against a basket of currencies on Thursday as a deal to end the U.S. debt stalemate in Congress prompted investors to focus on the economic impact of the government shutdown.

Analysts said the two weeks of uncertainty that knocked investor and business confidence would have dented the growth prospects of the world’s largest economy.

That would likely keep the Federal Reserve from withdrawing monetary stimulus at least until the beginning of next year. As such, U.S. Treasury yields slipped and dragged the dollar down against most major currencies, including the yen.

CNBC

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