U.S. dollar slides vs yen, U.S. debt deal remains elusive

Reuters

WELLINGTON, Oct 14 (Reuters) - The U.S. dollar fell broadlyearly on Monday while the yen gained across the board asinvestors sold the U.S. currency in favour of the safe-haven yenas a deal to avoid a government default remained elusive aheadof a crucial deadline this week.

The dollar fell to around 98.10 yen from around 98.55yen late on Friday as U.S. lawmakers made only limited progresson a deal to lift the country's debt ceiling to avert apotentially devastating default.

The yen gained broadly, pushing the euro down toaround 132.90 yen, while also gaining against thehigher-yielding Australian and New Zealand dollars . The liquid Japanese currency often appreciatesduring periods of uncertainty.

U.S. Democrats and Republican leaders continued to meetduring the weekend to discuss ways to end a partial governmentshutdown and increase the nation's borrowing authority.

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