On October 1, Jin10 reported that the U.S. Congressional Budget Office estimated that the 35-day shutdown from late 2018 to early 2019 caused approximately $11 billion in losses to the U.S. economy. Overnight, due to market concerns about the risk of a U.S. federal government shutdown, the U.S. dollar weakened, and safe-haven asset gold reached a new historical high again. On Tuesday local time, the dollar index, which measures the dollar against six major currencies, fell by about 0.1%, bringing its decline so far this year to nearly 10%. A U.S. federal government shutdown could also trigger market concerns about the U.S. credit rating. The three major rating agencies have previously warned multiple times about the fiscal and budget risks in the U.S.
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This year, the US dollar index has already fallen nearly 10%. The last time the US government shut down, the loss exceeded 10 billion dollars.
On October 1, Jin10 reported that the U.S. Congressional Budget Office estimated that the 35-day shutdown from late 2018 to early 2019 caused approximately $11 billion in losses to the U.S. economy. Overnight, due to market concerns about the risk of a U.S. federal government shutdown, the U.S. dollar weakened, and safe-haven asset gold reached a new historical high again. On Tuesday local time, the dollar index, which measures the dollar against six major currencies, fell by about 0.1%, bringing its decline so far this year to nearly 10%. A U.S. federal government shutdown could also trigger market concerns about the U.S. credit rating. The three major rating agencies have previously warned multiple times about the fiscal and budget risks in the U.S.