US government shutdown is once again fast approaching - ANZ
|Analysts at ANZ explained that the deadline to avoid a US government shutdown is once again fast approaching (January 19), and has perhaps been one factor – even if only at the margin – that has seen the market shun the USD of late.
Key Quotes:
"A full shutdown would of course have economic consequences, with history serving as a reasonable guide on this. However, there were reports overnight that plans to avoid this shutdown had gained a little momentum, even if they were again really only stopgap in nature (extending funding for only four weeks) and involved scuttling plans to do a deal with House Democrats on immigration. But the success of the plan was still far from assured, as it would still need some Democrat support in the Senate. Chances are a deal will be reached, but as it is just the case of kicking the can down the road, it does look like we will be in this same position again in a month’s time."
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