The world's reserve currency was nearing its lowest rate in one month on Friday as the partial shutdown of the national government delayed the release of jobs data used for economic policy decisions, Bloomberg reports.
Hanging in the balance is the next move of the U.S. Federal Reserve, which is set to convene two days of meetings later this month. Policy makers with the Fed delayed typically rely on the U.S. Labor Department report but they cannot at this time.
"If you look at most cases of a shutdown since the 1970s, you can have the dollar underperforming versus developed-market currencies, so you have the traditional safe havens like the yen and Swiss, but also wider developed markets," foreign-exchange strategist Chris Walker with Barclays Plc in London told the news source on Friday. "In terms of direct economic impact, the debt ceiling is by far the most important indicator."
The world's reserve currency drew down 0.1 percent against the Japanese yen. Its weekly loss to the yen totals roughly 1.1 percent.
The slight gains that the dollar achieved on Friday against its top rivals on Friday marks the first gains in five days, according to Reuters.
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