Dollar falls on worries over possible US government shutdown [CNBC]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: CNBC
Dan Kitwood | Getty Images The U.S. dollar fell on Thursday as traders piled into the euro, yen, sterling and other major currencies amid concerns over a possible U.S. government shutdown as lawmakers struggled to cobble together a federal budget deal. If an agreement to fund government operations, even a temporary one, is not reached by the Friday deadline, it would compound an already-negative climate for the greenback, analysts said. Politics are sabotaging economics, said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York. It's the uncertainty about the U.S. budget deal. We are going to see further pressure on the dollar if there isn't a deal. Republican lawmakers are scrambling to pass a temporary measure to keep the government open. A House vote on the funding extension is expected after 2:30 p.m. The dollar inde x was last down 0.10 percent at 90.45. It held above a three-year low of 90.104 touched
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