The dollar index rose Friday, heading for its first weekly gain in five, as optimism grew that Congress will reach a stop-gap deal to avert default.
The dollar rose to a two-week high against major currencies as optimism grew that lawmakers might reach a deal to avert a U.S. debt default.
European equities closed mixed on Monday, as the deadline to raise the U.S. debt ceiling grew closer.
The dollar dropped to session lows against the yen on Tuesday as talks on raising the U.S. debt ceiling floundered.
U.S. crude oil futures slipped on Friday as the lack of a definitive plan to end the U.S. budget stalemate was expected to weigh on the economy.
Stocks ended near session highs in choppy trading Monday, with the Dow and S&P 500 closing in positive territory for the fourth-straight session, as investors remained encouraged by signs of progress in the budget deal.
Asian equity markets outside of China rose on Tuesday on news that a bipartisan U.S. budget deal could be announced soon.
Asian stocks fell on Thursday after President Obama launched a series of meetings with lawmakers at the White House but Japan bucked the trend.
The dollar rose on Wednesday as news that Federal Reserve Vice Chair Janet Yellen will be nominated as the next chief removed uncertainty in markets.
European shares closed lower on Wednesday as investors balanced the U.S. budget deadlock with news of a new Fed chair.
U.S. Treasurys trade lower on Tuesday, with yields ticking up as the U.S. government shutdown entered its eighth day.
Japan led Asian stocks higher on Wednesday on news that President Obama will announce Janet Yellen as the next chair of the Federal Reserve.
European shares closed lower on Tuesday as the partial U.S. government shutdown, now in its eighth day, continued to weigh on investor sentiment.
The Dow and S&P 500 narrowly avoided a three-day losing streak in choppy trading Wednesday, but the ongoing anxiety over the political gridlock in Washington kept a damper on gains.
Oil dropped to a 3 month low on Wednesday, after the largest weekly buildup of U.S. crude stocks in a year added to concerns that a budget impasse in Washington would curb demand.
The dollar remained near its recent eight-month lows as U.S. lawmakers struggled to find a solution to the country's budget and debt problems.
Stocks finished broadly lower Monday, with the Dow hitting a one-month low, as the government shutdown dragged for a second week and as investors grew worried that lawmakers may not be able to increase the debt ceiling, potentially leading to a default.
Stocks finished sharply lower for a second session Tuesday, with major averages hitting one-month lows, as investors digested comments from President Barack Obama on the ongoing political impasse in Washington.
Crude prices on both sides of the Atlantic rose on Tuesday, with U.S. oil settling higher as the dollar weakened and geopolitical risk crept back into the markets.
US bond prices gained as lawmakers in Washington showed no progress towards ending a partial government shutdown.
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