United States Government shutdown impacts dollar exchange rate further
Thursday, October 3rd, 2013
As the US government shutdown moves into its third day, inevitably the crisis continues to have a negative impact on the strength of the US dollar.
Many other currencies had already started to strengthen against the dollar by the end of September, in anticipation of the Republican-led House of Representatives vote to refuse acceptance of the budget. However, the continuing failure of the American political parties to negotiate a settlement is likely to weaken confidence in the dollar further as the days go by, which will impact on forex trading in a number of currencies.
(more…)
