The US dollar fell for more than 0.27 percent on Wednesday after Congress failed to reach an agreement on the temporary budget, resulting in the blockade of the U.S. Federal Government.
The dollar index, which compares dollar performance with six other currencies, such as Euro and Japanese yen, fell to 97.19 of 13.35 GMT (09.35 EDT), the “Anadolia”.
This decline resulted in a total decline of 10 percent for 2025. year. It is the largest annual drop in dollar value since 2003. year, when it fell by 14.6 percent.
The American Federal Government “closed” on Wednesday at midnight, after the Democrats rejected the Republican planning for the temporary financing of state institutions, unless they receive concessions regarding health care.
Republicans, who controlled and the Senate and Representatives, rejected those requests, and both proposals, and democratic and republican, fell in the Senate vote just before the expiration of the deadline.
This is the first “shutdown” from the blockade at the end of 2018. and early 2019. year that lasted 35 days, states “Reuters”, and the “B92” reports.
