The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a softer note near 99.30 during the early European session on Friday. Traders brace for comments from Federal Reserve (Fed) policymakers later on Friday.
With no major US data releases amid the government shutdown, markets remain subdued as investors await news on when the delayed September labor report will be published. While tonight’s FOMC minutes may shed light on internal divisions, they are unlikely to move the dollar.
The United States’ (US) federal government officially shut down on Wednesday as lawmakers failed to pass funding by the deadline. Following a second round of voting, the Senate rejected House Republicans’ stopgap bill to restore funding.