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US Government Shutdown Ends Temporarily, Dollar Unimpressed

January 25, 2019 at 22:48 by Vladimir Vyun

Many different USD notes as a backgroundThe US dollar had muted reaction to the announcement of a stop-gap agreement between President Donald Trump and the Congress to end the government shutdown without funding the wall with Mexico.

Trump said today:

I am very proud to announce today that we have reached a deal to end the shutdown and re-open the federal government.

The deal will result in government funding for three weeks till February 15. If by that time no longer-term deal is achieved, the shutdown will resume.

USD/JPY settled at 109.54 today after opening at 109.63 and reaching the daily high of 109.95. EUR/JPY gained from 123.93 to 124.91, and its session maximum of 125.31 was the highest since January 2.

If you have any questions, comments or opinions regarding the US Dollar, feel free to post them using the commentary form below.

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