|Greenback soft in regional trade
The US dollar stayed weak against the safe-haven yen in Asia as market players grew jittery over the US budget impasse.
The greenback was quoted at 96.74 yen in Tokyo morning trade, a shade higher than 96.68 yen in New York Monday afternoon but down from the 97-yen range in Tokyo Monday.
The euro slipped to US$1.3569 from US$1.3579 in US trade and to 131.26 yen from 131.30 yen.
Stock markets globally lost ground Monday with no sign of a resolution to a US standoff over raising the government debt ceiling ahead of the October 17 deadline.
If the government loses its borrowing authority on October 17, it could default on its debts for the first time in history.
The US dollar got a bit of breathing space against the yen right after Japanese government data released earlier showed the current account surplus was a sharply lower-than-expected 161.5 billion yen in August.
But the rise was too modest to reverse the greenback's downtrend.—AFP