The dollar rose against the yen on Wednesday (October 16) on renewed assurances from U.S. lawmakers that a deal to avert a U.S. default and reopen the partially-shut government was within reach.

Speaking in London, market analyst at BGC Partners, Mike Ingrams said that world's economies had been planning for the worst.

Read more: https://www.ibtimes.co.uk/impact-default-senate-recession-stock-dollar-514361