The US dollar ended the last trading session of this week mixed as uncertainty about the outcome of the US budget stalemate led to unpredictable behavior of currencies.
US politician were discussing a temporary increase of a debt ceiling to have more time for reaching consensus over the budget. The deal was not yet made, but may be introduced during the weekend. An end to the budget impasse may create huge volatility on the Forex market as official economic reports, which were delayed due to the government shutdown, will be dumped at market participants.
Surprisingly, a report about claims for unemployment benefits was released despite the shutdown, showing a tremendous surge, but the data was considered to be skewed. The University of Michigan sentiment index dropped, making the dollar a bit softer.
EUR/USD advanced from 1.3518 to close at 1.3549 yesterday, while its daily high was at 1.3580. GBP/USD closed at 1.5956, little changed from the opening rate of 1.5965. USD/JPY rose from 98.14 to 98.54.
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