Dollar stumbles as US politicians struggle to agree deal on debt ceiling

THE dollar fell against all of its most-traded counterparts yesterday as politicians struggled to agree on raising the US debt ceiling and reducing its deficit.

The White House threatened to veto emergency legislation aiming to avert a threatened national default, a pre-emptive strike issued as Republican Speaker John Boehner laboured to line up enough votes in his own party to pass the measure.

Boehner faced criticism from some conservatives in advance of an expected vote today.