U.S. Dollar continues to Reel over Budget Deadlock

The dollar hovered near an eight-month low against a basket of currencies on Monday as a U.S. budget deadlock showed no sign of breaking.

Investors flocked to perceived safe havens like the yen and the Swiss franc, driving the dollar to it weakest since mid-August against the Japanese currency.

As the U.S. government moved into the second week of a shutdown and an Oct. 17 deadline to increase the nation’s borrowing limit approaches, neither Republicans nor Democrats offered any sign of impending agreement on either the shutdown or the debt ceiling, and both blamed the other side for the impasse.


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