US Government Shutdown Pushes Dollar Lower for Fourth Day
PatriotR Daily News 10/03/25
In partnership with
If you work in fintech or finance, you already have too many tabs open and not enough time.
Fintech Takes is the free newsletter senior leaders actually read. Each week, we break down the trends, deals, and regulatory moves shaping the industry — and explain why they matter — in plain English.
No filler, no PR spin, and no “insights” you already saw on LinkedIn eight times this week. Just clear analysis and the occasional bad joke to make it go down easier.
Get context you can actually use. Subscribe free and see what’s coming before everyone else.
US NEWS
US Government Shutdown Pushes Dollar Lower for Fourth Day
The US dollar slipped Wednesday as the country entered its first government shutdown in nearly seven years, marking the greenback’s fourth straight day of losses. Traders expect more weakness, with options markets signaling downside bets. The ADP private-sector payrolls report showed a surprise drop of 32,000 jobs in September, fueling speculation of Fed rate cuts and boosting Treasuries.
Shutdowns historically weigh on the dollar, and analysts warn a prolonged standoff could further disrupt markets, especially with official labor data delayed. The dollar briefly steadied after the Supreme Court ruled that Fed Governor Lisa Cook cannot be removed by President Trump until her case is heard next year. Overall, rising deficits, Fed independence concerns, and the shutdown’s uncertainty are adding pressure to the greenback. Read More.
US NEWS
Mortgage rates climb for second straight week
The average 30-year fixed mortgage rate rose slightly to 6.34%, up from 6.3% last week, Freddie Mac reported Thursday. That’s higher than the 6.12% rate a year ago but still below the 52-week average of 6.71%. The 15-year fixed mortgage also increased to 5.55%.
Lower rates in recent months have encouraged more buyers back into the market, with pending home sales jumping 4% in August—far above expectations. However, economists warn the ongoing government shutdown and broader uncertainty could pressure rates and delay purchases, particularly in areas with more federal workers. Read More.
Want more relevant news?
Get ready to stay informed about the world like never before! Take charge of your knowledge and subscribe today!
|
|
|
