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How the Dollar Would Handle a Government Shutdown
A federal government shutdown might not dent the dollar too badly, especially if it's short. But when the debt-ceiling debate rolls around, watch out. Congress and the President aren't sharing their sandbox very well. A government shutdown is looking increasingly likely this Friday, with all the attendant uncertainties. What should you do if you are long the dollar, [.DXY 75.61 0.09 (+0.12%) ]which is being hit today partly by worries about a shutdown? You might do well to just sit tight, the experts say. "Markets have gotten used to stopgap spending measures and have gotten a bit tired of these political ... (full story)