๐ต US Government Shutdown Day 36: Dollar Defies Crisis
The US government shutdown has entered Day 36, marking the longest in American history. Around 2.9 million workers remain affected, with economists estimating a 0.1% GDP loss per week of continued closure. Yet, in a surprising twist, the US Dollar Index (DXY) continues to climb, defying typical market expectations during prolonged political paralysis. ๐ฆ๐
Analysts like Dhwani Mehta note that safe-haven flows and resilient labor data are keeping the dollar buoyant, as investors still see USD as the โleast risky assetโ in uncertain times. Meanwhile, yields remain steady, and risk sentiment globally hasnโt deteriorated sharply enough to trigger a major sell-off.
Traders are now closely watching Congress negotiations for any sign of progress โ or a deeper stalemate โ which could dictate short-term volatility across FX, equities, and crypto markets alike.
$ETH $BTC
#TradersUnited #US
The US government shutdown has entered Day 36, marking the longest in American history. Around 2.9 million workers remain affected, with economists estimating a 0.1% GDP loss per week of continued closure. Yet, in a surprising twist, the US Dollar Index (DXY) continues to climb, defying typical market expectations during prolonged political paralysis. ๐ฆ๐
Analysts like Dhwani Mehta note that safe-haven flows and resilient labor data are keeping the dollar buoyant, as investors still see USD as the โleast risky assetโ in uncertain times. Meanwhile, yields remain steady, and risk sentiment globally hasnโt deteriorated sharply enough to trigger a major sell-off.
Traders are now closely watching Congress negotiations for any sign of progress โ or a deeper stalemate โ which could dictate short-term volatility across FX, equities, and crypto markets alike.
$ETH $BTC
#TradersUnited #US
