US Dollar Falls Ahead of US Government Shutdown Deadline

Bisnis.comJAKARTA – American dollar (The United States) weakened against a basket of other major currencies in late trading on Thursday (9/28/2023), as the U.S. Senate continued to advance plans for a trade deal. temporary funding that Republicans in the House of Representatives should adopt. to oppose.

The dollar index, which measures the greenback against six major currencies, fell 0.41 percent to 106.2268 in late trading.

The US Congress faces midnight on Saturday (9/30) to pass a new budget, before the US government closes its doors (close), but House Speaker Kevin McCarthy said there was still time to reach a late deal. “I wake up every day with optimism,” McCarthy said, as quoted by Antara.

“I would say, give me your money. We’ll sort this out,” he added.

In terms of economic data, gross domestic product (GDP) The United States saw an unrevised annual growth of 2.1 percent last quarter, the local government announced on Thursday (28/9), in its third estimate of GDP for the April-June period.

The US Federal Reserve could be on the cusp of a ‘rare event’ of a decline inflation without having a major impact on employment and growth, and should be very careful not to rely too much on the history of past inflationary struggles to plan new policy measures, the president of the Chicago Fed said, Austan Goolsbee, Thursday (9/28).

At the end of trading in New York, the euro rose to 1.0553 US dollars from 1.0508 US dollars in the previous session, and the pound sterling rose to 1.2196 US dollars from 1.2137 US dollars .

The US dollar bought 149.2380 Japanese yen, lower than 149.5950 Japanese yen in the previous session. The US dollar fell to 0.9162 Swiss francs from 0.9208 Swiss francs, and it fell to 1.3500 Canadian dollars from 1.3510 Canadian dollars. The US dollar slipped to 10.9344 Swedish crowns from 11.0471 Swedish crowns.

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Vince Corbyn

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