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Barchart
Barchart
Rich Asplund

Dollar Gains as US Government Shutdown Ends and Stocks Weaken

The dollar index (DXY00) today is up by +0.09%.  The dollar is slightly higher today, 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 today has 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 today.  The dollar maintained modest gains on the stronger-than-expected Jan ISM services index. 

Gains in the dollar are limited after the Jan ADP report showed employers added fewer than expected jobs last month, a dovish factor for Fed policy. 

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