Dollar Nudges Lower as US Debt Ceiling Deal Dents Safe-Haven Appeal

Dollar Nudges Lower as US Debt Ceiling Deal Dents Safe-Haven Appeal
U.S. dollar notes are seen in this illustration on Nov. 7, 2016. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

LONDON—The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite across world markets and dented the greenback’s safe-haven appeal.

U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.