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Barchart
Barchart
Rich Asplund

Dollar Rallies as US Government Shutdown is Averted

United States ECB BOJ

The dollar index (DXY00) today is up +0.58%, recovering some ground after its -0.73% decline seen last Friday. 

The dollar today is seeing support from improved US interest rate differentials, with the 10-year T-note yield up +4 bp.  The dollar is also seeing support after Congress last Friday passed a stop-gap funding bill and averted a US government shutdown, which would have been negative for the US economy. 

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