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Dollar Falls on US Government Shutdown and Weak Labor Market News
Yahoo Finance· 2025-10-01 14:26
The dollar index (DXY00) today is down by -0.19% at a 1-week low. The shutdown of the US government today is weighing on the dollar. The dollar added to its losses today 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. Losses in the dollar are li ...