First U.S. government shutdown in 17 years

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Source: Bloomberg
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At midnight the U.S. government went for partial shutdown as Republicans and Democrats did not manage to reach consensus on Obamacare, yet major negotiations on debt limit increase still to come. The shutdown will hurt consumers' and businesses' confidence and is expected to decrease GDP by 300 million Dollars a day, which will weaken pace of country's economic recovery.
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Tue, 01 Oct 2013 06:20:09 GMT

Canada's Dollar touches four-day high

The Canadian currency reached the highest level in four days after gross domestic product data showed growth in July, fueling the speculation that nation's economy is bouncing off from a slowdown in the second quarter. Canada's Dollar strengthened 0.3% to C$1.0275 per U.S. Dollar before reversing advances at the end of the day reaching C$1.0309 at 5 p.m. Toronto time.

Tue, 01 Oct 2013 05:58:23 GMT

Australian Dollar advances versus counterparts

The Aussie rose versus 15 of 16 its most-traded peers after better than expected retail sales and that supported worries that nation's central bank will not cut interest rates today. Australia's currency gained 0.2% to 93.37 U.S. cents after reaching 92.81 on Monday, while the Kiwi added 0.1% to 83.08 U.S. cents.

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