Dollar Steadies as Govt Shutdown Nears End

2025-11-10 01:48 By Jam Kaimo Samonte 1 min. read

The dollar index steadied around 99.6 on Monday after falling for three straight sessions, after the Senate passed the initial stage of a deal to end the government shutdown, securing the minimum 60 votes required, with eight Democratic senators breaking from party leadership.

The agreement provides funding for the Departments of Agriculture, Veterans Affairs, and Congress, along with funding for other agencies through Jan. 30.

However, it does not include a key Democratic demand to extend enhanced Affordable Care Act tax credits.

The dollar came under pressure on Friday after the University of Michigan’s consumer sentiment index fell to its lowest level in nearly three and a half years, weighed down by the prolonged shutdown, persistent inflation, and declining personal finances.

In monetary policy, markets remain divided on whether the Federal Reserve will cut rates in December, with traders pricing in roughly a 67% chance of a quarter-point reduction, unchanged from Friday.



News Stream
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