The US dollar posted gains against other major currencies, including the euro and the Great Britain pound (but excluding the Japanese yen), today. The currency remains in danger from the impact of the US government shutdown.
The dollar got boost from positive macroeconomic data. The Institute for Supply Management Manufacturing Purchasing Managers’ Index rose from 55.7 percent to 56.2 percent in September. Analysts were surprised as they were expecting a drop to 55.3 percent.
The greenback may still decline as the government shutdown greatly decreases chances for quantitative easing tampering this month. Moreover, it is not clear if non-farm payrolls, which were expected to be bullish for the currency, will be released this week.
EUR/USD went down from 1.3524 to 1.3515 and GBP/USD fell from 1.6194 to 1.6171 as of 2:44 GMT today. Meanwhile, USD/JPY 97.98 to 97.79.
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