Currencies News

The dollar slid to the weakest level in eight months versus the euro as the U.S. government’s partial shutdown added to concern economic growth will slow and prompt the Federal Reserve to delay reducing monetary stimulus.

Brazil’s real declined from its highest level in two weeks after Moody’s Investors Service cited rising debt and weak growth in lowering its outlook on the nation’s credit rating to stable from positive.

Canada’s dollar traded at the narrowest range since April as the U.S. government shutdown enters a third day, raising concern the political gridlock will slow growth in the nation’s largest trading partner.