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Dollar slumps as US budget deadline looms

The dollar weakened against other major currencies Friday amid rising concerns that the US budget impasse could shut down the federal government in four days. Photo/REUTERS

What you need to know:

  • Republicans oppose backing an operating plan for the government unless President Barack Obama agrees to delay or defund his signature health-care reform law, a step the president has flatly refused to take.

The dollar weakened against other major currencies Friday amid rising concerns that the US budget impasse could shut down the federal government in four days.

The euro bought $1.3519 around 2100 GMT, up from $1.3485 late Thursday.