- Analytics
- News and Tools
- Market News
- US: A shutdown is looming, but little influence on the US Dollar – Commerzbank
US: A shutdown is looming, but little influence on the US Dollar – Commerzbank
Another shutdown is looming in the US. What does all this mean for the Dollar? Economists at Commerzbank analyze Greenback’s outlook.
Yet another shutdown in the US?
This is not the first time that a shutdown is looming. There have also been longer actual shutdowns until an agreement was reached in Congress. In the end, a solution was always found, because neither of the two major parties had any interest in letting it come to the worst case (i.e. a default). Each is flexing its muscles and trying to come up with convincing arguments for its point of view. In the end, there will probably be a solution, even if it's just another transitional financing arrangement that doesn't solve the problem but postpones it into the future.
I therefore see little, if any, influence of this primarily political debate on the US Dollar. So far, the USD has not reacted either. Perhaps the market is also slowly becoming dull after the many impending shutdowns, which is why nobody cares.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
