Traders Brace for Volatility With US Debt Deal Still Elusive

July 07, 2023

(Bloomberg) -- Investors are girding for spikes in currency volatility and losses in equities as the US struggles to clinch a debt-limit deal. Most Read from BloombergThe dollar edged lower against most major peers in Asia trading Monday as traders evaluated the latest developments. The yen was little changed versus the dollar in early Asian trading while commodity currencies were quoted mixed against the greenback. Goldman Sachs Group Inc. says the looming US debt ceiling is a “plausible catalyst” for hits to economic growth and stock markets. Most Read from Bloomberg Businessweek©2023 Bloomberg L.P.