Yellen extends earliest potential US default date to June 5

Ross J Burland FXStreet

Reuters reported that the US Treasury Secretary Janet Yellen spoke on Friday and extended the deadline for raising the federal debt limit, saying the government could default on its debt as early as June 5 without increasing the country's $31.4 trillion debt ceiling.

Yellen had previously put that date as in early June, or potentially as early as June 1.

Meanwhile, the US Dollar was set for a third straight weekly gain on Friday. The US Dollar index DXY, which tracks the currency against six major counterparts, was last at 104.23%.

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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