The dollar index (DXY00) today is up by +0.07% at a 1-week high. Weakness in the British pound today is a supportive factor for the dollar after a weaker-than-expected UK Sep CPI report knocked (GBP/USD) down to a 1-week low. The dollar also has carryover support from Monday, when US-China trade tensions eased after President Trump said, "I think we're going to be fine with China."
Gains in the dollar are limited as the ongoing shutdown of the US government is bearish for the dollar. The longer the shutdown is maintained, the more likely the US economy will suffer and the more likely the Fed will have to cut interest rates.
