The franc declined against most major opponents on Monday on expectations that the Federal Reserve may delay the tapering of its bond-buying program to overcome headwinds posed by the government shutdown. Market participants expect the Fed to delay its tapering plans until such time the American lawmakers find a more permanent solution to Washington’s fiscal
The dollar has begun to rebound from the sharp sell-off of the previous session on Friday. The drop in the U.S. currency was sparked by investor concerns that the nation will soon be embroiled in another budget battle around the start of the new year. While investors were relieved that lawmakers reached a last minute
The dollar has recovered some ground against its major European competitors at the end of the trading week, but is little changed in comparison to the Japanese Yen. Investors continue to keep an eye on the situation in Washington, as the partial shutdown of the government reaches its fourth day. The shutdown caused the U.S.
The dollar is losing ground against all of its major competitors on Wednesday, due to continued investor concerns over the political deadlock in Washington on the issue of increasing the debt ceiling. The standoff over Obamacare could result in a government shutdown if a new continuing resolution is not passed before funding runs out at
The dollar is posting modest gains against its major competitors at the end of the trading week. The U.S. currency is extending its recovery efforts following the surprise Federal Reserve decision Wednesday afternoon to not begin tapering its stimulus measures. The dollar also appears to have benefitted from uncertainty ahead of the German elections, which
