Investing.com - The dollar remained mostly lower against the other major currencies on Friday, as investors contineud to hope for a U.S. debt deal to be concluded shortly, as concerns over a potential sovereign default persisted.
During U.S. morning trade, the dollar was higher against the yen, with USD/JPY adding 0.19% to 98.35.
Hopes for progress on the U.S. budget front supported sentiment after Republicans on Thursday offered to extend the government's borrowing authority for several weeks, temporarily putting off a default, while Obama was pushing to also reopen government operations that have been closed since October 1.
No deal emerged after a 90-minute meeting between President Barack Obama and Republican leaders, but talks continued into the night.
U.S. Treasury Secretary Jack Lew reiterated Thursday that the U.S. will reach its debt ceiling on October 17 and warned that the political crisis is starting to hurt the economy. The comments came during testimony to the Senate finance committee.
Earlier Friday, Japan Minister of Economy Akira Amari urged U.S. politicians to show some responsibility, saying that if the current shutdown was allowed to continue, the U.S. could default on its debt.
Markets shrugged off a preliminary report by the University of Michigan showing that its consumer sentiment index for October fell to 75.2, from a reading of 77.5 in September, confounding expectations for a downtick to 76.0.
The University of Michigan also said inflation expectations for this month declined to 2.9%, from 3.3% in September.
The euro was higher against the dollar, with EUR/USD rising 0.26% to 1.3555.
The dollar was higher against the pound, with GBP/USD down 0.12% to 1.5947, but lower against the Swiss franc, with USD/CHF slipping 0.18% to hit 0.9101.
Elsewhere, the greenback was broadly lower against its Australian, New Zealand and Canadian counterparts, with AUD/USD edging up 0.11% to 0.9463, NZD/USD climbing 0.51% to trade at 0.8325 and USD/CAD easing 0.01% to 1.0398.
In Canada, official data showed that the number of employed people rose by 11,900 in September, above expectations for a 10,000 increase, after 59,200 rise the previous month.
The report also showed that Canada's unemployment rate ticked down to 6.9% last month, from 7.1% in August. Analyts had expected the unemployment rate to slip to 7.0% in September.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.12% to 80.48.
During U.S. morning trade, the dollar was higher against the yen, with USD/JPY adding 0.19% to 98.35.
Hopes for progress on the U.S. budget front supported sentiment after Republicans on Thursday offered to extend the government's borrowing authority for several weeks, temporarily putting off a default, while Obama was pushing to also reopen government operations that have been closed since October 1.
No deal emerged after a 90-minute meeting between President Barack Obama and Republican leaders, but talks continued into the night.
U.S. Treasury Secretary Jack Lew reiterated Thursday that the U.S. will reach its debt ceiling on October 17 and warned that the political crisis is starting to hurt the economy. The comments came during testimony to the Senate finance committee.
Earlier Friday, Japan Minister of Economy Akira Amari urged U.S. politicians to show some responsibility, saying that if the current shutdown was allowed to continue, the U.S. could default on its debt.
Markets shrugged off a preliminary report by the University of Michigan showing that its consumer sentiment index for October fell to 75.2, from a reading of 77.5 in September, confounding expectations for a downtick to 76.0.
The University of Michigan also said inflation expectations for this month declined to 2.9%, from 3.3% in September.
The euro was higher against the dollar, with EUR/USD rising 0.26% to 1.3555.
The dollar was higher against the pound, with GBP/USD down 0.12% to 1.5947, but lower against the Swiss franc, with USD/CHF slipping 0.18% to hit 0.9101.
Elsewhere, the greenback was broadly lower against its Australian, New Zealand and Canadian counterparts, with AUD/USD edging up 0.11% to 0.9463, NZD/USD climbing 0.51% to trade at 0.8325 and USD/CAD easing 0.01% to 1.0398.
In Canada, official data showed that the number of employed people rose by 11,900 in September, above expectations for a 10,000 increase, after 59,200 rise the previous month.
The report also showed that Canada's unemployment rate ticked down to 6.9% last month, from 7.1% in August. Analyts had expected the unemployment rate to slip to 7.0% in September.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.12% to 80.48.