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Dollar Drops, Kiwis Fall

Worries about the debt ceiling derail the dollar, and kiwis fall after trade data disappoints - it's time for your daily FX Fix.

The dollar is sinking on worries about debt-ceiling gridlock, breaching a key level against the Swiss franc. [CNBC]

Japan may be getting ready to intervene to stem the yen's rise, some investors think. [CNBC]

The kiwi slipped after New Zealand's trade surplus fell more than expected. [marketwatch.com]

The British pound hit a two-week low against the euro as investors anticipated a weak GDP report. [Reuters]

The debt impasse in the U.S. is good news for the Malaysian ringgit and the Singapore dollar. [businessrecorder.com]

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