"The dollar index edged lower on Thursday as investors remained concerned about the potential weakness in upcoming data, as progress in Washington helped end a government shutdown. President Donald Trump signed a bill late Wednesday night to reopen the federal government. While the agreement marks an important step toward normalizing operations, markets remain cautious as attention shifts to the backlog of economic data soon to be released, which could paint a softer picture of the labour market and overall demand."
"The unease is rooted in this week's weak ADP Employment Change Weekly report, which showed US private employers cut an average of 11,250 jobs per week through late October. The findings reinforced worries that labour market momentum deteriorated. With the Fed already signalling greater sensitivity to job market risks, traders remain alert to any impact on monetary policy. US Treasury yields remained relatively stable, with the 10-year yield below 4.10%."
President Donald Trump signed a bill to reopen the federal government, ending the shutdown and restoring operations. Markets remained cautious as attention shifted to a backlog of upcoming economic releases that could show softer labour market conditions and weaker overall demand. The ADP Employment Change Weekly report showed US private employers cut an average of 11,250 jobs per week through late October, reinforcing concerns about deteriorating labour momentum. The Fed has signalled greater sensitivity to job market risks, keeping traders alert to impacts on monetary policy. US 10‑year Treasury yields stayed below 4.10%. Markets could react if catch-up data strengthens the case for additional Fed easing.
Read at London Business News | Londonlovesbusiness.com
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