Main content Home Compare deals Finance news Managing money Investing Credit & loans Home & property Life stages Tools & guides Small business Home > Finance News > Markets > Dollar rises on budget deal worries Print
Dollar rises on budget deal worries | Updated: 8:52:34 AM, Sunday December 23, 2012
The US dollar has risen against most major currencies as budget talks stall in Washington.
House Republicans have called off a vote on tax rates, and if lawmakers don’t reach a deal on reducing the budget deficit, steep tax increases and government spending cuts will take effect at the beginning of next year.
Traders tend to buy safer currencies, such as the dollar, when they are concerned about the economy.
The euro fell to $US1.3176 ($A1.2661) late on Friday from $1.3241 late on Thursday. The euro is up just half a per cent against the dollar for the week.
The British pound fell to $1.6160 from $1.6284.
The dollar rose to 0.9168 Swiss francs from 0.9119 francs and to 99.41 Canadian cents from 98.74 cents.
The dollar fell to 84.23 Japanese yen from 84.42 yen.
Leave a comment
Follow this conversation Name: E-mail: Your URL: Comments: Follow any further comments to this article. All comments are moderated. Enter security code:
Follow this conversation
Leave a comment Your e-mail: You will be emailed when any additional comments are approved by the moderator. You are only subscribing
to comments made to this article. You may unsubscribe via the link provided on notification emails.
Asian markets down on fiscal cliff news
Asian markets are mostly down after Republicans scrapped a vote on a back-up plan for …
Boart Longyear will continue to look for cost savings after implementing cuts that …
The Aust dollar is slightly lower on concerns the US’ budget problems won’t be resolved …
Bob Jane has been removed from Calder Park Raceway as a long-running feud with his son …
ACCC blocks carsales-TradingPost deal Boehner pulls ‘Plan B’ off House floor Aust market set to continue good run European stocks close lower European stocks dip in early trade Fairfax snares netus for undisclosed sum Australian shares close lower Hungry Jack’s fined $75,000
Get the right credit card Compare credit cards Get a sweeter savings rate Compare savings accounts Boost your savings safely Top rate term deposits Go
Sign up to receive the latest finance news. Email: Subscribe
Connect with us on: Facebook Twitter LinkedIn Google+
BigPond on Facebook
Tools & calculators
Try our budget calculator to see where all the money goes.
- Home loan borrowing calculator
- Credit card debt repayment calculator
- Credit card health check
- Home loan repayments calculator
- More tools and calculators »
Currency converter »
Convert: From: To:
Convert Amount: Data supplied by Morningstar, based on a 30min delay.