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U.S. Government Shutdown Would Drag Down Dollar, Barclays Says

  • Bank expects lawmakers to reach government funding deal
  • Dollar fell during the October 2013 fiscal stalemate

Dollar bulls, beware: a potential U.S. government shutdown may undermine the currency, according to Barclays Plc.

While the bank expects lawmakers to reach a deal to keep the federal government from grinding to a halt, it says a potential stalemate still poses a risk to financial markets. The third-ranking Senate Republican, John Thune of South Dakota, told reporters Tuesday in Washington that he’s confident Congress will resolve the impasse, which is centered around funding for Planned Parenthood.