It looks like the long U.S. government shutdown might finally be coming to an end and the market’s already reacting.
Traders are shifting back into “risk-on” mode, meaning currencies like AUD and NZD are catching some fresh demand, while safe havens like JPY are losing a bit of shine.
If the shutdown officially wraps up soon, we could see USD take a breather and some of those risk-currencies make a comeback. But hey don’t count the dollar out just yet. The market still wants confirmation before making any big moves.
Keep an eye on headlines this week the tone could flip fast once Washington makes it official.
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