USD weakens after US debt talks fail

Source: Advanced Currency Markets | G10 Advancers and Decliners vs USD CHF 1.16 JPY 0.20 GBP 0.06 EUR 0.02 The Dollar declined against most currencies after US lawmakers failed to agree on raising the nation’s $14.3 Trillion debt ceiling, boosting speculation of a default as soon as next week when the deadline of August 2 nears. The franc and yen rose against most of their major peers as Republicans prepared to force action on a shorter-term extension of the debt limit than President Obama has… Read More …