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Dollar holds steady amid gov't shutdown
Last Updated: 2013-10-05 09:36 | Xinhua
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The U.S. dollar traded slightly higher against most major currencies Friday amid worries over the continuous partial U.S. government shutdown and the looming debt ceiling.

U.S. Congress members and President Barack Obama appeared to be getting serious on breaking the fiscal impasse as the federal government shutdown dragged into a fourth day.

Obama has canceled his trip to Asia next week due to the government shutdown, while House Speaker John Boehner said Friday that he won't allow the country to default on its debt.

Boehner also said the way to open the partially shut U.S. government is for Democrats to accept changes that would bring " fairness" under the Affordable Care Act.

The closely-watched non-farm payrolls report for September, originally scheduled for Friday morning by the Labor Department, was canceled due to the government shutdown.

The greenback is under great pressure as it's almost a market consensus that due to U.S. budget standoff and lack of economic data the Federal Reserve is unlikely to start taper the quantitative easing program from October.

In late New York trading, the euro declined to 1.3558 dollars from 1.3621 dollars of the previous session, and the British pound decreased to 1.6028 dollars from 1.6159 dollars. The Australian dollar rose to 0.9432 dollar from 0.9402 dollar.

The dollar bought 97.41 Japanese yen, higher than 97.23 yen of the previous session. The dollar moved up to 0.9069 Swiss franc from 0.8995, and it went down to 1.0299 Canadian dollars from 1. 0322.

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