Dollar falls versus yen as US government shuts down, US House, The US Congress, House of Representatives, the Senate, spending bill for the new fiscal year, US debt ceiling, Japan’s Prime Minister Shinzo Abe, Weaker data from China, China’s official Purch

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pierreapienaar
By pierreapienaar on Tue, Oct 1, 2013 - 4:27am

Dollar falls versus yen as US government shuts down

The US dollar fell against the yen early on Tuesday after the US government shutdown deadline passes and Congress was unable to reach a deal on a spending bill. This is the first shutdown in 17 years, since 1997 and it is unclear how long it will last.

 

The US Congress reached a deadlock as the House of Representatives and the Senate failed to reach and agreement on a spending bill for the new fiscal year which begins today.