Session Recap: Dollar mixed on US shutdown uncertainty

FXstreet.com (Córdoba) - The dollar trades lower versus its European rival sand the yen Monday, as uncertainty over the US government shutdown and the upcoming debate on the debt ceiling continued to weigh on the currency.

EUR/USD rose to a high of 1.3590 but lacked momentum to approach 1.3600, while GBP/USD pushed to a daily high of 1.6080. Meanwhile the dollar also lost ground against the perceived safe-havens as the yen and the franc with USD/JPY touching a fresh 6-week low of 96.85.

On the other hand, the USD rose modestly versus commodity currencies while European stocks traded broadly lower, given the cautious tone prevailing in financial markets.

Main Headlines in Europe:

European open: Little data means UD debt ceiling will continue to dominate

Switzerland: Foreign Currency Reserves drop to 432.4B in September

Gold moves upwards whilst oil tumbles as US Budget Impasse Festers

Flash: US shutdown continues. EUR/USD sub.13600. What’s next? – Commerzbank and Danske Bank

EMU: Sentix Investor Confidence falls in October against projections

Both parties continue trench digging in the US debt ceiling war

EMU: Another quarter of positive GDP growth in Q2

China growth outlook lowered by World Bank