Market News
US dollar drops as government reopens after record shutdown - REUTERS
Summary
- Traders uncertain about long-term impact on US dollar trust
- Fed policymakers cautious on further rate cuts amid inflation concerns
- Euro rises against dollar, yen weakens amid BOJ rate hike speculation
NEW YORK, Nov 13 (Reuters) - The U.S. dollar dipped on Thursday as the U.S. government reopened, leaving traders grappling with the long-term impact the shutdown will have on trust in the U.S. currency and ahead of a deluge of data on the health of the economy.
The shutdown was the U.S. government's longest, snarling air traffic, cutting food assistance to low-income Americans and forcing more than 1 million workers to go unpaid for more than a month.
