The dollar index (DXY00) today is down by -0.19%. The ongoing shutdown of the US government is bearish for the dollar as the shutdown enters its third day today. The longer the shutdown is maintained, the more likely the US economy will suffer, and GDP growth will stagnate. The dollar extended its losses today after the Sep ISM services index fell more than expected to a 4-month low. Losses in the dollar are contained on hawkish comments from Chicago Fed President Austan Goolsbee, who cautioned against the Fed front-loading too many interest rate cuts.
The US Sep S&P composite PMI was revised upward by +0.3 to 53.9 from the previously reported 53.6.
