Session Recap: USD softer as shutdown enters its third week

FXstreet.com (Córdoba) - The dollar traded a touch softer versus major competitors in holiday-thinned markets Monday after limited progress on US debt impasse over the weekend.

The dollar weakened slightly as shutdown enters its third week and the deadline for the debt ceiling looms. The EUR/USD was little changed around 1.3560, while GBP/USD continued to consolidate just below the 1.600 mark. The USD/JPY was a tad lower around 98.20, although well within familiar ranges.

Currencies linked to commodities advanced modestly against the greenback, with AUD/USD stalling just ahead of 0.9500 and USD/CAD sliding to the 1.0350 zone.

There are no major events expected. Bond market will remain closed due to Columbus Day in the US; Canadian markets are closed for Thanksgiving.

Main Headlines in Europe:

European open: Still no concrete deal to extend debt ceiling

Switzerland: Producer and Import Prices rise in September against forecasts

Risk off as markets wait for Congress to continue discussions

ECB's Bonnici says central bank ready to introduce negative deposit rate

EMU: Annual Industrial Production drops 2.1% in August

Greece considers rolling over debt due in 2014 to cover funding gap

Flash: What’s the sentiment around the EUR/USD today? – Commerzbank and Westpac