Dollar Pressured As Debt Ceiling Deadline Draws Near

Source: ForexYard Dollar Pressured As Debt Ceiling Deadline Draws Near The dollar has been pressured as the gridlock in Washington increases with the August 2nd deadline for Congress and the President to raise the debt ceiling. The Republican plan presented by House Speaker John Boehner collapsed as the Congressional Budget Office said the plan would fail to meet Boehner's own deficit cutting expectations and therefore will not be voted upon on Wednesday as planned, further delaying a potential solution to raise the debt ceiling. Financial pressure is being felt predominantly in the US dollar whereas yields on US government bonds actually fell yesterday. Economic News USD – Dollar Trades at Lowest Level since May The Congressional Budget . . . → Read More: Dollar Pressured As Debt Ceiling Deadline Draws Near