Farnong, the end of the U.S. government shutdown may put an end to the dollar's upward momentum

According to Jinshi News, Crédit Agricole stated that the upward momentum of the dollar since October will face significant challenges as the U.S. government shutdown may soon come to an end. The bank pointed out that once the government shutdown ends and economic data is released again, weak data may highlight its negative impact on the economy and bolster dovish sentiment. Furthermore, as the government shutdown ends and the Treasury's cash hoarding is lifted, the dollar's liquidity premium may diminish, which also removes another support factor for the dollar.