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Dollar nudges lower as U.S. debt ceiling deal dents safe-haven appeal
The US dollar decreased on Monday, retreating from a six-month high against the Japanese yen after a risk-on appetite following the U.S. debt ceiling deal agreement. President Joe Biden and House Speaker Kevin McCarthy finalised the US debt ceiling agreement on Sunday. The agreement would suspend the debt limit through January 1, 2025. However, the dollar index, which measures the US's value against a basket of other major currencies, was not far from last week's two-month peaks. Upbeat global sentiment pushed up the risk-sensitive Australian and New Zealand dollars off last week's six-month lows.