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Barchart
Barchart
Rich Asplund

FORGOTTEN HISTORY: Dollar recovers on hopes a government shutdown can be avoided - Caught on Camera

United States Government Shutdown Donald Trump Thune Gold Euro silver BOJ ECB Japan

The dollar index (DXY00) is up by +0.21% today.  The dollar recovered from early losses and turned higher today as short covering emerged on comments from Senate Majority Leader Thune, who said government shutdown talks are going in the “right direction.” Also, today’s news that showed Nov factory orders posted their biggest increase in six months was supportive for the dollar.

The dollar today initially moved lower on concerns about a potential US government shutdown this weekend, and renewed US-Iran tensions are weighing on the dollar.  Also, today’s news showing the US Nov trade deficit rose more than expected to a four-month high was also bearish for the dollar. 

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