"The dollar index extended its advance on Tuesday, supported by renewed weakness in the yen and the euro, though the ongoing US government shutdown continued to limit upside. The stalemate entered its seventh day after rival funding proposals failed in the Senate, with Democratic leader Chuck Schumer rejecting President Donald Trump's claims of active negotiations. In Asia, the yen slid to a two-month"
"low after fiscal dove Sanae Takaichi's victory in Japan's ruling party leadership race, with markets reassessing expectations for Bank of Japan monetary policy. Meanwhile, the euro remained pressured after the resignation of France's prime minister and cautious comments from European Central Bank officials suggesting that further rate cuts may still be on the table. With economic data releases curtailed by the shutdown, traders shifted focus to upcoming Fed communication."
The dollar index extended its advance as the yen and the euro weakened, while the US government shutdown constrained further gains. The shutdown stalemate entered its seventh day after rival funding proposals failed in the Senate, and Democratic leader Chuck Schumer rejected President Donald Trump's claims of active negotiations. In Asia, the yen slid to a two-month low following fiscal dove Sanae Takaichi's victory in the ruling party leadership race, prompting reassessment of Bank of Japan policy expectations. The euro remained pressured after France's prime minister resigned and ECB officials made cautious remarks. With data releases curtailed, market focus shifted to upcoming Fed speeches and the September FOMC minutes.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]