US Treasury Sec. Yellen: Cash and extraordinary measures likely to be exhausted in October

In a letter to US Congress, US Treasury Secretary Janet Yellen pointed to uncertainty on estimates amid debt limit and said that the most likely outcome is that cash and extraordinary measures will be exhausted during the month of October.

Market reaction

These comments were largely ignored by market participants and the greenback continues to outperform its major rivals in the early American session. As of writing, the US Dollar Index was trading at a fresh weekly high of 92.72, gaining 0.22% on a daily basis.