TOKYO : The U.S. dollar remained under pressure on Tuesday, weighed down by the risk of a U.S. default as a standoff between Democrats and Republicans over raising the debt ceiling showed few signs of being resolved.The Aussie dollar flipped from early small gains to a loss after economic data from key tr
TOKYO : The U.S. dollar remained under pressure on Tuesday, weighed down by the risk of a U.S. default as a standoff between Democrats and Republicans over raising the debt ceiling showed few signs of being resolved.
The dollar had been buoyed last week by both safe-haven demand amid weak Chinese economic data and by a surprise jump in U.S. consumer inflation expectations, putting the risk of a June Federal Reserve rate rise back in play. "U.S. dollar price action has been very messy in recent days, reacting sharply to data," said Sean Callow, a senior FX strategist at Westpac.
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