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US government shutdown may weaken dollar: Steven Pope

PUBLISHED ON: September 30, 2013 | Duration: 6 min, 20 sec

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Just as a last-minute deal to resolve the budget battle in Washington appears less likely, making a government shutdown imminent, Steven Pope, managing partner at Spotlight Ideas talks about the possibility of a partial government shutdown and the impact it will have. He argues that it will weaken the dollar and equities may see a rough time, depending on the length of the shutdown, but if the debt ceiling negotiations fail around October 17, it might trigger a downgrade for US.
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