ECB Policy

Search documents
Dollar Slips and Gold Rallies to a Record High as the US Government Shuts Down
Yahoo Finance· 2025-10-01 19:34
The dollar index (DXY00) on Wednesday fell by -0.06% and posted a 1-week low. The shutdown of the US government on Wednesday weighed on the dollar. The dollar added to its losses on Wednesday on weakness in the US labor market, following the unexpected contraction of the September ADP employment change for a second consecutive month. The weak labor market news also boosted the chances of a Fed rate cut at the October 28-29 FOMC meeting to 100% in the swaps market, a negative factor for the dollar. The ...