Dollar Downgraded as Standard Life Predicts Damage

Washington’s wrangling over a partial government shutdown and lifting the U.S.’s borrowing limit has strategists cutting their forecasts for the dollar for a third straight month, the longest stretch this year.

From Credit Suisse Group AG to Westpac Banking Corp., firms have lowered the median estimate for the U.S. currency versus the euro, pound, Canadian dollar, Swiss franc and Japanese yen by an average 1.2 percent in October, data compiled by Bloomberg show. That follows a 1.7 percent reduction last month, which was the biggest this year, and a 1.2 percent cut in August.