Asian Session – Dollar struggles as US gov shutdown damps sentiment
Posted on October 2, 2013 at 6:23 am GMTThe U.S dollar eased lower against the yen in the Asian session on Wednesday as investors are being cautious about when the US government shutdown will end. A longer lasting shutdown will have a bigger impact on the US economy. Fed tapering will likely be postponed if the deadlock continues. Also the US jobs data – nonfarm payrolls – scheduled for Friday will not be released. The gridlock in Congress to reach a deal on legislation for funding the US [..]