The dollar index (DXY00) on Friday fell by -0.12%. The ongoing shutdown of the US government weighed on the dollar as the shutdown entered its third day on Friday. The longer the shutdown is maintained, the more likely the US economy will suffer, and GDP growth will stagnate, a negative factor for the dollar. The dollar extended its losses Friday after the Sep ISM services index fell more than expected to a 4-month low. The dollar recovered from its worst level on Friday due to hawkish comments from Chicago Fed President Austan Goolsbee and Dallas Fed President Lorie Logan, who cautioned against additional rate cuts from the Fed.
The US Sep S&P composite PMI was revised upward by +0.3 to 53.9 from the previously reported 53.6.
