The US dollar ended the week mixed, rising against some currencies and falling against others, as Forex traders were trying to assess the damage the partial US government shutdown will cause to the economy.
There were different opinions regarding the impact of the budget standoff on the economy. Some analysts were saying that the shutdown will be short-lived and damage will be minimal, while others expect rather server losses to the economy. As a result of the mixed views, the dollar jumped against some currencies and retained losses against other.
USD/CHF jumped from 0.8992 to close at 0.9070 yesterday. At the same time, AUD/USD advanced from 0.9391 to 0.9432.
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