Dollar at Month Low Versus Yen as Shutdown Looms; Euro Declines

Bloomberg (30/9) -- The dollar dropped to a one-month low against the yen as political budget wrangling threatened a U.S. government shutdown from tomorrow. The U.S. currency extended its biggest weekly slide versus the yen in more than a month with Congress deadlocked over Republicans’ insistence on delaying the 2010 health-care law. The yen climbed against all its major peers and reached a three-week high per the euro as demand for safety increased with Italian Prime Minister Enrico Letta’s government on the verge of collapse after allies of former leader Silvio Berlusconi said they planned to quit the cabinet. “The market is cautious, and that’s what’s leading to the safe-haven trade at the moment,” said Stan Shamu, a market strategist at IG Ltd. in Melbourne. “The yen just seems to be gaining ground against everything.” The dollar touched 97.53 yen, the least since Aug. 29, before trading 0.4 percent lower at 97.87 yen as of 8:10 a.m. in Tokyo. Japan’s currency added 0.6 percent to 132.09 versus Europe’s 17-nation common tender and reached 131.38, the strongest level since Sept. 9. The euro declined 0.2 percent to $1.3494. “Farce reigns and risk aversion rises,” Kit Juckes, the global strategist at Societe Generale SA in London, wrote in a note to clients. “The U.S. is still heading towards a shutdown, the Italian government is heading for a confidence vote that probably precedes elections. Yen up, euro down.

Spot Emas Naik ke Level Tertinggi ditengah Kecemasan

Bloomberg (30/9) – Spot Bullion mengalami peningkatan sebanyak 1.3% menuju ke level harga $1,354.35 per ons serta diperdagangkan dilevel harga $1,340.13 pada jam 7:01 pagi di Singapura.(tito)

 

Spot Gold Rises to Highest Since Sept. 20 Amid Shutdown Concern

Bloomberg (30/9) -- Spot bullion advances as much as 1.3 percent to $1,354.35 an ounce, and trades at $1,340.13 at 7:01 a.m. in Singapore.

Obama Mendesak Majelis Partai Republik Cegah Penutupan

WASHINGTON (28/9) - MarketWatch – Presiden Barack Obama dihari Jumat kemarin telah mendesak pihak Majelis partai Republik untuk mencegah sebuah langkah penutupan pemerintahan dengan menyetujui sebuah acuan untuk mempertahankan agar sektor pemerintahan bias tetap berjalan hingga pertengahan November. Jika majelis partai Republik dan juga senat demokrat tidak dapat mencapai sebuah kompromi pada legislasi dlam rangka mempertahankan agar sektor pemerintahan dapat dibuka hingga hari Selasa pagi, maka para pekerja federal terpaksa diam dirumah. Obama mengatakan bahwa beliau tidak akan menerima acuan apapun yang terikat perubahan pada hukum penanganan kesehatan yang ditandatangani olehnya untuk mempertahankan berjalannya pemerintahan, sementara beliau mengatakan bahwa ancaman dari sebuah langkah penutupan te;aj memiliki “sebuah dampak pengurangan terhadap kondisi ekonomi” Presiden A.S tersebut juga mendesak pihak kongres untuk menaikkan batas hutang federal dan mengatakan bahwa beliau tidak akan bernegosiasi terhadap kendala tersebut, yang telah mengalami kegagalan pada batas hutang yang akan menjadi “jauh lebih berbahaya dari sebuah langkah penutupan pemerintahan,” seperti yang telah dikatakan oleh Obama. “Hal tersebut akan menjadi sebuah langkah penutupan kondisi ekonomi” dengan dampak yang tidak hanya akan terasa dinegara A.S tapi juga diseluruh dunia” menurut pernyataan beliau, selain itu pihak Gedung Putih telah mengatakan kepada pihak kongres untuk meningkatkan batas hutang pada tanggal 17 Oktober atau sektor treasury kemungkinan akan kehabisan uang tunai untuk membayar tagihannya.(tito) http://www.marketwatch.com/story/obama-urges-house-republicans-to-avert-shutdown-2013-09-27-16912852

 

Obama urges House Republicans to avert shutdown

WASHINGTON (28/9) - MarketWatch - President Barack Obama on Friday urged House Republicans to avert a government shutdown by approving a measure to keep the government running until mid-November. If House Republicans and Senate Democrats cannot reach a compromise on legislation keeping the government open by Tuesday morning, federal workers will have to stay home. Obama said he would not accept any measure that tied changes to his signature health-care law to keeping the government running. The threat of a shutdown already is having 'a dampening effect on the economy,' he said. The president also again urged Congress to raise the federal debt ceiling and said he would not negotiate on the issue. Failing to act on the debt limit would be 'far more dangerous than a government shutdown,' Obama said. 'It would be an economic shutdown, with impacts not just here but around the world,' he said. The White House has told Congress it must increase the debt limit by Oct. 17 or Treasury may run out of cash to pay its bills. http://www.marketwatch.com/story/obama-urges-house-republicans-to-avert-shutdown-2013-09-27-16912852