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Short-term agreement reached to avert US government shutdown - Bloomberg

Congressional Democrats and Republicans reached a deal Wednesday on a stopgap bill to avert a US government shutdown on Oct. 1, although the threat of the closure later this year will again build as the latest measure would keep the government open only through Nov. 21, according to Bloomberg. 

The past three US government shutdowns costed taxpayers roughly $4 billion, according to an incomplete tally released Tuesday.
 

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Omkar Godbole

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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GBP/USD defends 1.3300 after strong UK PMI data

Following Thursday's sharp decline, GBP/USD clings to small gains above 1.3300 in the American session on Friday, supported by the upbeat UK Retail Sales and July PMI data. Nevertheless, the pair's upside remains capped as investors cling to a cautious stance amid a further escalation of tensions in the Middle East. The US July PMI data failed to trigger relevant price action.

EUR/USD climbs beyond 1.1400 as renewed Iran diplomacy hopes undermine safe-haven USD

The EUR/USD pair builds on a modest bullish gap opening and climbs back above the 1.1400 mark during the Asian session on Monday. The intraday move up is sponsored by a broadly weaker US Dollar, weighed down by renewed optimism over a diplomatic resolution to end a five-month-old US-Iran war.

Gold reclaims $4,100 os Iran diplomacy hopes temper Fed hike bets and weigh on USD

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