Federal offices have been closed in Washington, DC - Livesquawk

Dhwani Mehta FXStreet

Livesquawk reports that the US Federal offices have been closed in Washington, DC.

Recall that the US Government shutdown looms, if the 23rd March stopgap funding bill deadline is missed. The US government will enter into a third shutdown this year.

On Tuesday, the US lawmakers continued to have disagreements. According to a source familiar with the negotiations, the talks broke down on Sunday after the White House insisted on the $25 billion but would only give the Dreamers 2-1/2 years of protection from deportation.

The renewed US Govt shutdown fears could have attributed to the aggressive selling seen in the US dollar versus its main competitors, sending DXY to 89.75 levels, down -0.26% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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