13.11.202510:35:02UTC+00Dollar Edges Lower

The US dollar index initially showed gains but fell to approximately 99.3 on Thursday. This shift comes amid initial enthusiasm following the conclusion of the US government shutdown, which has since turned into renewed caution regarding the economic outlook of the country. With the longest US government shutdown on record now ended, investors are bracing for the release of several critical economic indicators that had been delayed. Preliminary data from the private sector suggest a weakening labor market and fragile consumer confidence, while concerns over inflation persist. Concurrently, expectations for a 25-basis-point rate cut at the upcoming Federal Reserve meeting have decreased to around 54%, from nearly 65% just the day before. The US dollar weakened against major currencies, notably experiencing significant losses against the Australian dollar and the Swiss franc.