Dollar Falls On Budget Deadlock

The dollar weakened broadly Tuesday in global foreign exchange dealings, hurt by growing investor nervousness over the U.S. budget impasse and new pessimism about the Mexican economy.

Currency traders said the lack of progress to reach a budget compromise in Washington, which forced a partial shutdown of the federal government, was creating increased anxiety among holders of dollardenominated investments.

By 4 p.m. Eastern time in New York, the dollar bought 101.66 yen, down from 101.90 at the same time Monday.

Exchange Currency in Dollars Dollar in foreign currency

Canada .7394 1.3525

France .2049 4.8805

Germany .7072 1.4141

Great Britain 1.5586 .6416

Italy .000627 1594.50

Japan .009837 101.66

Mexico .128535 7.7800