- The oil price continues to rise, encouraging EUR buying in particular
- Worries about a possible US government shutdown are USD bearish
- EUR/JPY buying after the Tokyo fix set the ball rolling
The worries concerning a US government shutdown have hit home very suddenly and with the exception of USD/JPY, the greenback is having a bad day.
Without a deal, about 800,000 federal staff face being suspended without pay and a range of government services will be withdrawn as hundreds of agencies either continue with a reduced operation or close altogether.
http://www.guardian.co.uk/world/2011...utdown-averted