Dollar Weakens as Wall Street Braces for Data Releases
The dollar weakens as U.S. lawmakers move closer to ending the longest-ever government shutdown, while private-sector data indicates further cooling in labor markets.
Wall Street is bracing for a large flow of data reports that went unpublished during the shutdown, although it may be difficult to understand whether the numbers will reflect the shutdown's impact or some lasting trend.
Meanwhile, ADP estimates U.S. private employers were shedding 11,250 jobs a week in the four weeks through Oct. 25. Bond markets are closed for Veterans Day.
The WSJ Dollar Index falls 0.2%. The dollar weakens 0.7% versus the Swiss Franc, 0.4% against the euro and 0.3% to the yen.
Source : Dowjones.com