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FX Market Awaits Powell, As Government Shutdown Obstructs Price Discovery
Benzingaยท 2025-10-06 12:42
Global markets ended the week higher, with Wall Street shrugging off the U.S. government shutdown and the S&P 500 breaking past 6,700 for the first time.Despite the political gridlock, equities extended a five-month winning streak, rising roughly 3.5% on the week and over 14% year-to-date. Yet beneath the bullish surface, the currency markets told a more cautious story, shaped by missing economic data, policy uncertainty, and diverging central bank signals.The dollar recorded its worst week since July, slip ...