EUR/USD steadies as shutdown fears weigh on Dollar
The post EUR/USD steadies as shutdown fears weigh on Dollar appeared on BitcoinEthereumNews.com. Dollar pressured as Senate fails to secure votes to avert looming October 1 government shutdown. US job openings steady, while confidence survey highlights growing household pessimism on labor and business outlook. Fed officials split on policy path, balancing downside risks to jobs against persistent inflationary pressures. EUR/USD holds firm on Tuesday during the North American session, although the Dollar weakens due to fears of a possible government shutdown that could disrupt the release of crucial jobs data for Fed officials. At the time of writing, the pair trades at 1.1735 up a modest 0.05%. Pair holds above 1.1730 despite mixed US data and cautious Fed rhetoric The financial markets narrative remains focused on the US government being able to doge a shutdown that will begin in October 1. Recently, a US Democratic bill to avoid the shutdown, failed to garner sufficient votes to pass in Senate as the voting continues. Data-wise, job openings in the US, ticked up but revealed the “no hiring, no firing” environment, highlighted by Fed officials. At the same time, the Conference Board latest Consumer Confidence poll revealed that households turned pessimistic on business and labor market conditions. Additionally, to this, Federal Reserve officials are grabbing the headlines. Chicago Fed Austan Goolsbee said that tariffs are halting business decisions regarding prices or hiring personnel. Boston Fed Susan Collins said that further cuts may be appropriate, but officials need to be wary about inflation. The Fed Vice Chair Philip Jeffersons revealed that “I see the risks to employment as tilted to the downside and risks to inflation to the upside.” Across the pond, German Retail Sales data for August, improved but disappointed investors falling below the mark monthly; while on a yearly basis, showed that consumer spending is slowing. Daily market movers: EUR/USD consolidates amid mixed US…
The post EUR/USD steadies as shutdown fears weigh on Dollar appeared on BitcoinEthereumNews.com.
Dollar pressured as Senate fails to secure votes to avert looming October 1 government shutdown. US job openings steady, while confidence survey highlights growing household pessimism on labor and business outlook. Fed officials split on policy path, balancing downside risks to jobs against persistent inflationary pressures. EUR/USD holds firm on Tuesday during the North American session, although the Dollar weakens due to fears of a possible government shutdown that could disrupt the release of crucial jobs data for Fed officials. At the time of writing, the pair trades at 1.1735 up a modest 0.05%. Pair holds above 1.1730 despite mixed US data and cautious Fed rhetoric The financial markets narrative remains focused on the US government being able to doge a shutdown that will begin in October 1. Recently, a US Democratic bill to avoid the shutdown, failed to garner sufficient votes to pass in Senate as the voting continues. Data-wise, job openings in the US, ticked up but revealed the “no hiring, no firing” environment, highlighted by Fed officials. At the same time, the Conference Board latest Consumer Confidence poll revealed that households turned pessimistic on business and labor market conditions. Additionally, to this, Federal Reserve officials are grabbing the headlines. Chicago Fed Austan Goolsbee said that tariffs are halting business decisions regarding prices or hiring personnel. Boston Fed Susan Collins said that further cuts may be appropriate, but officials need to be wary about inflation. The Fed Vice Chair Philip Jeffersons revealed that “I see the risks to employment as tilted to the downside and risks to inflation to the upside.” Across the pond, German Retail Sales data for August, improved but disappointed investors falling below the mark monthly; while on a yearly basis, showed that consumer spending is slowing. Daily market movers: EUR/USD consolidates amid mixed US…
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