US Senate suspends debt limit negotiations

FXstreet.com (San Francisco) - US Senator Richard Durbin confirmed that the talks on debt ceiling extension have been suspended until the House Republicans figure out how they will proceed on the matter according to a Reuters report.

Durbin affirmed that the US Senate bi-partisan commission would wait to see House GOP plan.

Stocks reacted falling to session lows as uncertainty about US default looms. Dollar falls hard against its major competitors.