Reuters: US Dollar Report: U.S. dollar slides vs yen, U.S. debt deal remains elusive

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U.S. dollar slides vs yen, U.S. debt deal remains elusive Oct 13th 2013, 18:25 WELLINGTON | Sun Oct 13, 2013 2:25pm EDT WELLINGTON Oct 14 (Reuters) - The U.S. dollar fell broadly early on Monday while the yen gained across the board as investors sold the U.S. currency in favour of the safe-haven yen as a deal to avoid a government default remained elusive ahead of a crucial deadline this week. The dollar fell to around 98.10 yen from around 98.55 yen late on Friday as U.S. lawmakers made only limited progress on a deal to lift the country's debt ceiling to avert a potentially devastating default. The yen gained broadly, pushing the euro down to around 132.90 yen, while also gaining against the higher-yielding Australian and New Zealand dollars . The liquid Japanese currency often appreciates during periods of uncertainty. U.S. Democrats and Republican leaders continued to meet during the weekend to discuss ways to end a partial government shutdown and increase the nation's borrowing authority.

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