Alongside the trade war and the Fed’s decision to hold rates steady, the US dollar is also suffering from the risk of a government shutdown by the end of this week. Democrats and Republicans are currently negotiating over a politically charged funding bill that contains funding for Immigration and Customs Enforcement (ICE). The odds of a partial shutdown surged near 80% on prediction sites by yesterday evening. This comes as fresh data shows US consumer confidence falling to its weakest level in more than a decade.
EUR/USD: the past year
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