Dollar nears three-year lows as US government shutdown looms
10-year US treasury yields hit their highest since September 2014
London — The dollar wallowed near three-year lows on Friday as heightened fears of a US government shutdown unnerved investors, while US treasury yields continued an upwards march to hit their highest levels since September 2014. Legislation to stave off an imminent federal government shutdown encountered obstacles in the US Senate late on Thursday, despite the passage of a month-long funding bill by the House of Representatives hours earlier. Without the injection of new money, no matter how temporary, scores of federal agencies will be forced to shut starting at midnight on Friday, when existing funds expire. The dollar index, which measures the greenback’s value against other major currencies, was down 0.3% at 90.230 and close to three-year lows hit this week. It has already lost 2% in the early days of 2018. "The fear of the US government shutdown has made investors nervous," said Naeem Aslam, chief market analyst at ThinkMarkets UK. "There is a strong possibility that the US go...
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