The dollar index (DXY00) on Wednesday rose by +0.19%. The dollar moved higher on Wednesday, following the end of the partial US government shutdown after President Trump late Tuesday signed a deal to fund the government. Also, weakness in stocks on Wednesday boosted some liquidity demand for the dollar. In addition, yen weakness is supportive of the dollar after the yen fell to a 1.5-week low on Wednesday. The dollar added to its gains on the stronger-than-expected Jan ISM services index.
Gains in the dollar were limited, though, after the Jan ADP report showed employers added fewer than expected jobs last month, a dovish factor for Fed policy.
