WBC News: FOREX-Dollar on back foot as U.S. default risk weighs - 16th May 2023, 11:45am

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By Kevin Buckland

TOKYO, May 16 (Reuters) - The U.S. dollar remained under pressure on Tuesday, weighed down by the risk of a U.S. default as a standoff between Democrats and Republicans over raising the debt ceiling showed few signs of being resolved.

The dollar index - which measures the currency against a basket of six major peers - was little changed at 102.39 after sliding 0.26% overnight, retreating from a five-month high.

The greenback had been buoyed last week by both safe-haven deman...

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