US government starts closure of most operations

Dhwani Mehta FXStreet

The United States (US) government starts shutting down its operations as Congress fails to advance the funding bill.

The US government funding expired at 04:00 GMT on Wednesday.

The last government shutdown stretched from December 22, 2018, to January 25, 2019, lasting 35 days, during US President Donald Trump’s first term.

The immediate effect of a government shutdown will likely be the delay in the monthly labor market report, scheduled for this Friday,.

Market reaction

The US Dollar Index has come under modest selling pressure following this news, losing 0.09% on the day at 97.73, at the time of writing.

US Dollar Price Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Swiss Franc.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.09%	-0.03%	-0.01%	0.02%	0.25%	0.00%	-0.10%
EUR	0.09%		0.08%	0.07%	0.11%	0.37%	0.12%	-0.01%
GBP	0.03%	-0.08%		0.02%	0.04%	0.29%	0.05%	-0.08%
JPY	0.01%	-0.07%	-0.02%		0.05%	0.25%	0.25%	0.00%
CAD	-0.02%	-0.11%	-0.04%	-0.05%		0.23%	0.00%	-0.13%
AUD	-0.25%	-0.37%	-0.29%	-0.25%	-0.23%		-0.25%	-0.40%
NZD	-0.00%	-0.12%	-0.05%	-0.25%	-0.00%	0.25%		-0.12%
CHF	0.10%	0.01%	0.08%	-0.01%	0.13%	0.40%	0.12%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

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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