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Dollar Slips as U.S. Government Shutdown Risks Loom and Fed Outlook Remains Uncertain
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The growing risk of a U.S. government shutdown added further uncertainty to markets, dampening demand for the greenback.
The dollar slipped 0.2% against the Japanese yen to 149.24, after posting more than a 1% gain last week.
The Australian dollar rose 0.15% to $0.6557, and the New Zealand dollar inched up 0.07% to $0.5780.
He added that markets are assuming the shutdown will be temporary and that critical data will be available before the Fed’s late-October meeting.
Separately, the Reserve Bank of Australia is set to announce its rate decision on Tuesday, with expectations it will keep policy unchanged.