US dollar suffers, but no stocks panic despite US debt stalemate


LONDON: The US dollar fell across the board yesterday after President Barack Obama gave no sign of a swift breakthrough in deadlocked talks to raise the US debt ceiling, while stocks put in mixed performance with focus on earnings.

Unless lawmakers reach a deal to raise the US$14.3 trillion ceiling by Aug 2, the United States faces a technical default on some of its US$9.6 trillion government bonds outstanding.

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