Dollar Weakens on US Government Shutdown Worries
Yahoo Finance·2025-10-01 03:34
The dollar index (DXY00) on Tuesday fell by -0.12%. The dollar was under pressure on Tuesday due to the likelihood of a government shutdown on Wednesday. Also, comments from Fed Vice Chair Philip Jefferson on Tuesday hinted at the possibility of stagflation, a bearish factor for the dollar, as he warned that he sees a softening labor market and increasing inflation pressures. Finally, the larger-than-expected decline in the Conference Board US Sep consumer confidence index to a 5-month low weighed on th ...