More notes on a falling USD

Friday, 19 January 2018

A couple of factors to mention that can be influential in sending DXY lower the very short term. The first via the ABC:

The weak performance in US markets overnight was partly due to investors’ concerns about a potential government shutdown tomorrow.

This could be averted if Republicans and Democrats in Congress can agree to extend a temporary spending bill to fund government operations, with a vote scheduled today.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.