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Indonesia News Portal for Traders | Financial & Business Updates

30 September 2025 21:30  |

Dollar Falls for 3rd Session

The dollar index slipped below 98 on Tuesday, extending its decline for a third straight session. While little changed for September overall, the greenback is still set to post a 1% gain for the quarter.

The currency has faced pressure from global trade tensions, doubts over US economic resilience, and Federal Reserve rate cuts, with the threat of a government shutdown adding further headwinds.

On the data front, job openings held steady at 7.2 million in August, suggesting relatively stable labor demand. If a shutdown is avoided and data releases proceed as scheduled, Friday’s nonfarm payrolls report will provide fresh insight into the cooling labor market.

Markets have fully priced in a 25 bps cut to the fed funds rate in October, while odds for another similar move in December stand around 72%.

Source: Trading Economics

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