Dollar rises on upcoming budget talks

Dollar rises on upcoming budget talks
Updated on

Summary Uncertainty about next budget battle in Washington is pushed dollar higher against other currencies.

 

Although Congress approved a budget deal this week, negotiations on the debt ceiling and spending cuts still need to happen.

 

The dollar is considered a safe haven currency and tends to rise when traders are nervous about the economy.

 

The euro fell to $1.3109 in Thursday afternoon trading from $1.3178 late Wednesday.

 

The British pound fell to $1.6147 from $1.6251.

 

The dollar rose to 0.9235 Swiss franc from 0.9185 Swiss franc.

 

The dollar fell to 87 Japanese yen from 87.14 Japanese yen.
 

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